From a medium term technical time perspective my bias remains up. I believe we will break the important 1.1460 level in the next couple of weeks. This level will have to hold on the weekly candle to confirm the upside bias. My main driver behind this is still the large euro negative sentiment.

While I agree that the eurusd should hit parity I think we will need to see a shake out of short beforehand. Technically I'm thinking the 1.2250 provides a good area to go short again for the 1 level. Again, this is a longer term play into July and I'm expecting quite a bit of chop in the next couple of week before we probably see some trend take place in June.

Resistance Levels:


Daily candlestick projection:

Weekly candlestick chop:

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