We've seen a failed attempt to break a huge H&S attempt I expect now that the USD will weaken slightly and we will see the potential for a move to 1.32 by the end of the Summer











As we can see, we should stay within these two trend lines for the foreseeable future and with a light upward bias 1.32 is likely.

A longer outlook appears to support this view for a move marginally higher as shown here.













For these reasons I can expect the EURUSD to have a quiet summer but edge up slightly over the 6 weeks to 1.32
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