
Uniglobe Markets
June 2, 2025 at 06:44 AM
*EUR/USD Technical Overview*
EURUSD has shown strong bullish recovery after testing the 1.1250 area, pushing higher with clean higher highs and higher lows. Price is now hovering near the 1.1385 zone, with short-term momentum favoring buyers.
Support and Resistance Levels
• Support: 1.1320, 1.1280
• Resistance: 1.1385, 1.1410
Buy and Sell Scenarios
• Buy Scenario: A confirmed break and hold above 1.1385 may lead to a continuation toward 1.1410, supported by sustained bullish momentum.
• Sell Scenario: A rejection below 1.1385 with bearish engulfing candles could trigger a pullback toward 1.1320.
