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Euro rose to the highest level since U.S. election after weaker than expected NFP report on Friday. The report was still seen as decent enough to support Fed hike on June 14th. The bank is now officially in a blackout period ahead of the meeting.
The pair accelerated its uptrend after breaking above 200 DMA following the first round of the French election. It the broke above the six-month channel in May. Upper channel line is now acting as a support. 1.13 - 1.135 area is the next target.
The pair accelerated its uptrend after breaking above 200 DMA following the first round of the French election. It the broke above the six-month channel in May. Upper channel line is now acting as a support. 1.13 - 1.135 area is the next target.
