The U.S. dollar edged lower in early European trade Tuesday, slipping back from a 20-year high as gains in global equity markets helped risk appetite rebound to the detriment of this safe haven.
The EURUSD market is giving friendly signals for rallies to attack the 1.0470 swing high. A close over 1.0470 should spark moves to 1.0530 - 1.0577. Any minor corrections should fight to hold stable off the low 1.0410. A close under 1.0350 is needed to turn trend forces down.
Resistance 2 1.0470
Resistance 1 1.0450
Support 1 1.0420
Support 2 1.0390
The EURUSD market is giving friendly signals for rallies to attack the 1.0470 swing high. A close over 1.0470 should spark moves to 1.0530 - 1.0577. Any minor corrections should fight to hold stable off the low 1.0410. A close under 1.0350 is needed to turn trend forces down.
Resistance 2 1.0470
Resistance 1 1.0450
Support 1 1.0420
Support 2 1.0390
