FX.co ★ EUR/USD analysis for June 04,2019

EUR/USD has been trading sideways in past 24 hours. The price tested the level of 1.1233. We are expecting more upside on the EUR/UD, key support is set at the price of 1.1215.

Yellow rectangle – Swing high acting like support 1.1215

Blue rectangle – Upward target 1.1320

White rising line – Support

Our advice is to watch for potential buying opportunities on the EUR but near the support at 1.1215. If you see potential test and reject from the support, you should watc for long positions. The MACD is still rising and it is in positive teritory, which is positive sign for EUR. Also, the upward trendline is still holding and that is another sign of EUR strength. Support levels are seen at 1.1215 and 1.1115. Resistance is set at 1.1320.