- The EUR/USD is rolling over into a broken trendline and poised for further losses, though mixed hourly indicators could see a continuation of the bullish technical recovery.
- Tuesday is Euro-light on the macro calendar, although German ZEW Sentiment Surveys for June are expected to tick lower.
- Upcoming US CPI figures will be the next headline to watch after the Trump-Kim summit wraps up.
Spot rate: 1.1766
Relative change: -0.13%
High: 1.1784
Low: 1.1741
Trend: Turning bearish
Support 1: 1.1741 (current day’s/week’s low)
Support 2: 1.1652 (previous week low)
Support 3: 1.1509 (major technical bottom; psychological handle; one month low)
Resistance 1: 1.1820 (current week high)
Resistance 2: 1.1840 (previous week high; technical rejection)
Resistance 3: 1.1993 (five-week high)
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