EUR/USD Update – 01/06/2017 (11:05am) – by Arjun Lakhanpal

June 1, 2017 by

EUR/USD Update – 01/06/2017 (11:05am): EUR looking constructive on the charts.. The Euro’s consolidation phase looks complete and the market is well placed to test the recent high at 1.1268 and the 1.1300 November 2016 high. It will remain bid while above the near term uptrend at 1.1035.  Rallies will find interim resistance at 1.1268 and 1.1300. Above 1.1300, the market has potential to reach the highs from mid 2016 circa 1.1429 and the two year resistance line at 1.1474.