FxGrow Daily Technical Analysis – 26th June, 2017
By FxGrow Research & Analysis Team
EUR/USD Flirts With 1.1200 Ahead German Ifo Report
EUR/USD opened Monday's trading session bouncing off 1.1190 support area testing with 1.1189 low, and failed with to extend further gains beyond 1.1200 level, only by +1 pip (1.1201 high). Technically the pair is still trading above 10 EMA level and last week, the pair dips were fighting 1.1130 support area with failure to break, sustaining the bullish momentum and keeping potential for further rallies aimed at 1.1200+ area.
On the other hand, the buck continues to show weakness supported by negative Services and Manufacturing PMI last reported on Friday and wallowing Trump's administration performance pulling U.S Index to 96.84 low and pushing EURO ...
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