The push up through 1.1208 set a more bullish tone into early/mid-June and the follow-through above the 1.1328 retracement target reinforces this view.
Although the intraday setback and negative daily candle questions the bull tone, whilst above 1.1079 we see a positive bias for Friday.
We see an upside bias for 1.1318; break here aims for 1.1380, maybe 1.1467.
But below 1.1178 opens risk down to 1.1079, which we would look to try to hold.
Short/ Intermediate-term Outlook - Upside Risks:
We now see a more positive tone with the bullish threat to 1.1467.
Above here targets 1.1534 and 1.1680.
Overshoot risk is higher for 1.1871.
What Changes This? Below 1.0819 signals a neutral tone, only shifting negative below 1.0658.
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2 Hour EURUSD Chart
Daily EURUSD Chart