Home EUR/USD technical analysis: Bulls line-up for a run higher above 2018-2019 downtrend

EUR/USD technical analysis: Bulls line-up for a run higher above 2018-2019 downtrend

Published date: 12 Jun. 2019 | 03:47

EUR/USD holds above the 2018-2019 downtrend ahead of US CPI.
The falling wedge pattern targets towards 1.2000.
The 200 DMA and 200WMA are key in the bull’s plight for higher grounds.
Stop territory around 1.1450 could accelerate price towards 1.1520 prior structural support levels.
The 1.1570 2019 high is a key target.
On the flipside, the 20 WMA at 1.1270 and prior wedge resistance guards the 20 DMA that guards a run to the 1.1100 support.

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