Euro Weekly Price Outlook: EUR/USD Breakout Eyes Yearly Open into Q3

• Weekly technicals on EUR/USD- Breakout testing key resistance targets into close of June / 2Q

  每周技术面欧元/美元 - 突破测试6月/ 2季度关键阻力目标

The Euro is virtually unchanged against the US Dollar since the start of the week with price holding just below yearly Fibonacci resistance into the close of the month / quarter. These are the updated targets and invalidation levels that matter on the EUR/USD weekly chart. Review this weeks Strategy Webinar for an in-depth breakdown of this Euro setup and more.

欧元兑美元自此基本未变本周初，价格保持在年度斐波纳契阻力位于月/季度收盘价之前。这些是欧元/美元周线图上重要的更新目标和失效水平。回顾本周的战略网络研讨会，深入了解欧元设置等。

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EUR/USD Price Chart – Euro Weekly

欧元/美元价格走势图 - 欧元周报

Notes: In my last EUR/USD Weekly Price Outlook our ‘bottom line’ noted that, “Euro held long-term slope support for over two months with the breach above channel resistance this week shifting the focus back to the long-side as we head deeper into June trade.” The rally extended into initial weekly resistance targets this week at the 61.8% retracement of the yearly range at 1.1393 with more significant resistance is eyed just higher at the 2019 open at 1.1445- risk for near-term exhaustion heading into these levels. Critical support remains at 1.1187 with a break / close below 1.1107 needed to suggest a larger breakdown is underway.

注意：在我上一次欧元/美元每周价格展望中我们的'底线'指出，“欧元持有超过两个月的长期斜坡支撑位，本周突破通道阻力突破将焦点重新转移到长边，随着我们进一步深入6月交易。”反弹延伸至初始周线本周抵抗目标位于年度区间1.1393的61.8％回撤位，2019年开盘时的阻力位在1.1445附近，而近期疲惫的风险将进入这些水平。关键支撑位维持在1.1187，突破/收盘价低于1.1107需要表明正在进行更大的细分。

Bottom line: The Euro breakout is testing initial resistance targets here around 1.14 and while the broader focus remains higher, the advance is vulnerable near-term heading into the yearly open- Watch the weekly / monthly close tomorrow. From a trading standpoint, a good place to reduce long-exposure / raise protective stops. Be on the lookout for topside exhaustion here if price fails to close above- ultimately, well favor fading weakness while above 1.1270 targeting a test of 1.1445.Review my latest EUR/USD Technical Outlook for a closer look at the near-term Loonie trading levels.

底线：欧元突破正在测试1.14附近的初始阻力目标，而更广泛的焦点仍然更高，这一进展在短期内是脆弱的进入年度开放 - 观看明天的每周/每月收盘。从交易的角度来看，这是一个减少长时间曝光/提高保护性止损的好地方。如果价格未能收于上方，那么请关注上行疲惫 - 最终有利于消退弱势，同时高于1.1270，目标是测试1.1445。回顾我的近期欧元/美元技术展望，仔细研究近期Loonie交易水平。

EUR/USD Trader Sentiment

EUR / USD Trader情绪

• A summary of IG Client Sentiment shows traders are net-short EUR/USD - the ratio stands at -1.5 (40.1% of traders are long) – bullish reading

  IG Client Sentiment的摘要显示交易者是网络空头欧元/美元 - 该比率为-1.5（交易者持有多头的40.1％） - 看涨读数

• Traders have remained net-short since June 20th; price has moved 0.6% higher since then

  交易商自6月以来一直保持净空头20;此后价格已上涨0.6％

• Long positions are 0.9% lower than yesterday and 9.2% lower from last week

  多头头寸比昨天低0.9％，比上周下降9.2％

• Short positions are 1.9% higher than yesterday and 39.4% higher from last week

  空头头寸比昨天增加1.9％，比上周增加39.4％

• We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EUR/USD prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current positioning and recent changes gives us a stronger EUR/USD-bullish contrarian trading bias from a sentiment standpoint.

  我们通常采取逆向观点来看待人群情绪，而交易商净空头表明欧元/美元价格可能继续上涨。交易商的净空头比昨天和上周还要短，目前的定位和最近的变化相结合，使我们从情绪的角度看待欧元兑美元看涨的逆势交易偏差。

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Key Euro / US Data Releases

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Economic Calendar - latest economic developments and upcoming event risk. Learn more about how we Trade the News in our Free Guide!

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Previous Weekly Technical Charts

以前的每周技术图表

• Canadian Dollar (USD/CAD)

  加拿大元（美元/加元）

• Crude Oil (WTI)

  原油（WTI）

• US Dollar (DXY)

  美元（DXY）

• Gold (XAU/USD)

  黄金（XAU / USD）

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• Kiwi (NZD/USD)

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• Japanese Yen (USD/JPY)

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• Aussie (AUD/USD)

  澳元（澳元/美元）