EURUSD
Two-day bullish acceleration peaked at 1.1283 yesterday, after the pair left another long green daily candle and closed above pivotal 1.1206/18 resistance zone, former lower top of 22 May and Fibonacci 61.8% of 1.1465/1.0818 slide. Daily indicators reversed above their midlines, suggesting further rallies that look for immediate barrier at 1.1312, Fibonacci 76.4%, with key 1.1465 barrier, 15 May peak, coming in focus. Near-term price action enters consolidative phase, moving within tight range. Extended consolidation is expected on overextended near-term studies, however, bullish sentiment and supportive fundamentals, keep focus at the upside. Former breakpoint at 1.12 zone, also Fibonacci 38.2% of yesterday
Linear Mode
