EURUSD Chart Technical Outlook correlation suggests dip buying, prime support is located at 1.0831
EUR/USD – the intraday chart highlights the projected support level for the AB leg of a Bat formation at 1.0831. Bespoke support is located at 1.0830.
Conclusion: correlation studies suggest limited upside in DXY, hence limited downside in EUR/USD. 1.0831-1.0830 is prime support. The supply zone from May 28 is located at 1.0878.
Resistance: 1.0859 (overnight high), 1.0878 (supply), 1.0889 (swing high)
Support: 1.0831 (AB), 1.0830 (bespoke), 1.0799 (projected bat)
