Home EUR/USD Technical Analysis June 17-21

EUR/USD Technical Analysis June 17-21

EURUSD finished last week close to the 61.8% Fibonacci retrace area,  as shown on the attached chart, an area aligned with the weekly 200  period SMA.

Euro/dollar bulls will be looking for near term support in the 1.3240  area, a level that marks a significant previous swing high.  Price  action developments around this area could help provide a directional  bias heading into the new week.

eurusd technical analysis 17th june forexcrunch

Guest post by Nick Simpson of  www.forex-fx-4x.com

We note that  Friday  closed within the previous days range – as an  inside day candle pattern.

Prior resistance was found approaching the 1.3700 area, this is a key  technical area going forward.

The US dollar index has closed the week under 80.90 area previous  resistance.  We will monitor any move back to this area to gain a  broad perspective on the dollar.