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June, 10 - EUR/USD: Bulls are in the lead

Resistance awaits at June's high of 1.1384, followed by levels last seen in March – 1.1410,

 

eurusd10062020imgwhich was a stepping stone on the way down, and 1.1495, the yearly high.

EUR/USD is trading above the 50, 100, and 200 Simple Moving Averages on the 4-hour chart, and momentum remains to the upside. The Relative Strength Index remains below 70, outside overbought conditions, despite the recent surge.

Support awaits at 1.1330, the daily low, followed by Tuesday's trough of 1.1240.

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