EUR/USD: To Restest Broken Diagonal Aimed at 1.1770

Published on Friday, 08 June 2018 06:22 ,by  FxGrow Investment Research Desk


Technically we stand at two possible scenarios: 

EUR/USD could test 1.1770+/- broken diagonal followed by rallies aimed at 1.1930 then 1.2000+

EUR/USD could test 1.1770 area, in case of failure to withhold support area then we are looking at a false breakout and deeper retracement aimed at 1.1720 - 1.1650 zone followed by rallies to be extended at 1.1900 and 1.2000 + as extensions. 

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