Usually at the end of months short term trend changes are common and it is always a question for the traders whether the dollar’s jump at the end of May is the beginning of a stable condition or a pause in the selling pressure. Technically, there is no changes for the euro, even the indicators stayed at the same condition.
The support rests at 1.21900 with resistance at 1.22050 which the price is moving below the Pivot Point at 1.21970 located between the lines. The EMA of 10 is moving horizontally and it is above EMA of 100 and the EMA of 200. The RSI is moving in the level of 50, the MACD histogram is in positive territory with a crossover signal showing a buy opportunity and the Stochastic is moving in high ranges. The ADX is moving horizontally.
• There is resistance at 1.22050, followed by resistance at 1.22120 and 1.22200.
• There is support at 1.21900 Below, there is 1.21820 and 1.21750.
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