Thank gawd for the US cavalry , coming over the hill in the nick of time to dislodge EURUSD from its 1.3620 perch to which it seemed nailed in true Monty Python parrot-sketch style.
Lows so far of 1.3606 having taken out some of the 1.3600-10 bids defending the barrier. Now 1.3613. Other euro pairs still finding demand in the dips too.
A break down through the figure should see stops triggered to next bids lined up at 1.3585 then targetting 1.3550 via 1.3570. It’s a strong line here though so we can once again say it’s , yes, delicately poised with the 200 DMA coming in around 1.3642 to cap any rally ( assuming we can get past the 1.3620 glue-pot)
EURUSD Daily 28 May
