
Uniglobe Markets
June 17, 2025 at 06:54 AM
*EUR/USD Technical Overview*
EURUSD remains in a consolidation phase after rallying strongly last week. Despite recent pullbacks, the pair is holding above key moving averages, indicating ongoing bullish interest. RSI at 50.38 suggests a neutral momentum at present, awaiting directional clarity.
Support and Resistance Levels
• Support: 1.1520, 1.1470
• Resistance: 1.1600, 1.1635
Trade Scenarios
Buy Scenario: A break and close above 1.1600 could attract buyers aiming for 1.1635 and higher.
Sell Scenario: A drop below 1.1520 may expose the pair to further downside toward 1.1470.
