Monday 1st June: Weekly technical outlook and review (New Zealand Bank holiday today).

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EUR/USD: Weekly view – From a long-term standpoint, the trend is still southbound in our opinion, and will only change once price closes above the weekly supply area at 1.1532-1.1278. Recent action, however, shows that relatively strong buyers came into the market twenty or so pips from above a weekly demand area seen at 1.0519-1.0798 … Continue reading Monday 1st June: Weekly technical outlook and review (New Zealand Bank holiday today).