EUR/USD and GBP/USD: Technical analysis on June 4

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Technical analysis



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Technical analysis


EUR/USD and GBP/USD: Technical analysis on June 4


EUR/USDHigher timeframesYesterday, the bulls took advantage




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EUR/USDHigher timeframesYesterday, the bulls took advantage of some optimism by the May monthly candlestick and they managed to close the day above the highs of the last four weeks (1.0895), as well as above the resistance that was tested the previous day (1.0863-71-85). The resistance levels now serve as near-term supports. The next bullish target is in the area of 1.0934 (the final level of the weekly Ichimoku cross), the bulls will also focus on the breakthrough of the daily




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