EUR/USD Daily Chart (June 13)
Pair just bounced off a weekly low and is currently 'walking' the 20-day MVA. Pair retraced last friday due to profit -taking and disappointing Michigan Consumer Sentiment data.
The pair could actually take-off from this point enroute to resistance at 1.4338 if fundamentals support. Hence, I am "BUY-biased" for this pair this week.
If disappointing fundamental data comes out, pair could break through 20-day MVA and test resistance near 1.3781 (38.2% fibonacci) or 1.3609 (50% fibonacci which also coincides with lower bollinger band). I would look for setups (bounce) on these levels and the 20-day MVA before going LONG.
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