The EURUSD his moving up to test the high for the day at the 1.3839 level. Sellers against the level have come in and given the economic uncertainty, may be as good a level as any to take profit/sell. The risk is defined the risk is limited. The 1.3806 level is support now with the 38.2% and the 200 bar MA on the 5 minute chart the reason for expected support.
On the daily chart, the price has moved back above the trendline support at the 1.3792 level. A move below the 1.3806 would target this level next.
On the topside, a break above the high for the day starts to look toward the 1.3853 and the 1.3859 area where the underside of the trendline and the 38.2% of the move down from the March high to the March low comes in.
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