- EUR/USD looks to extend bounce to 1.0600 and beyond.
- The weekly high at 1.0641 emerges as the next major target.
EUR/USD extends weekly recovery, although a test/break of the 1.0600 barrier remains elusive for now.
If the bounce picks up then the pair should initially target the round level at 1.0600 ahead of the more relevant weekly high at 1.0641 (May 5).
Above the three-month line near 1.0930, selling pressure is expected to ease. This area coincides with the weekly maximum recorded on April 21.
EUR/USD day chart
Source: Fx Street
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