•RES 4: 1.1035 (Apr 6th high)
•RES 3: 1.1000
• RES 2: 1.0929 (76.4% retracement of 1.105 and 1.0519)
• RES 2: 1.0886 (8th high)
•RES 1: 1.0787 (20 day HMA)
PRICE: 1.0733 @ 11:10 GMT
•SUP 1: 1.0683 (200 day HMA)
•SUP 2: 1.0640 (61.8% retracement of 1.0520 and 1.0847)
•SUP 3: 1.0580(15th Apr low)
•SUP 4:1.0460 (Mar 13th low)
Commentary:
EUR/USD has retreated after making a high of 1.0847. Overall trend is bullish as long as support 1.0640 holds.
On the upside minor resistance is around 1.0787 and break above would extend gains till 1.0881/1.0930. Buy around 1.0680 with stop around 1.0640 with target of 1.0881/1.0930.
•RES 3: 1.1000
• RES 2: 1.0929 (76.4% retracement of 1.105 and 1.0519)
• RES 2: 1.0886 (8th high)
•RES 1: 1.0787 (20 day HMA)
PRICE: 1.0733 @ 11:10 GMT
•SUP 1: 1.0683 (200 day HMA)
•SUP 2: 1.0640 (61.8% retracement of 1.0520 and 1.0847)
•SUP 3: 1.0580(15th Apr low)
•SUP 4:1.0460 (Mar 13th low)
Commentary:
EUR/USD has retreated after making a high of 1.0847. Overall trend is bullish as long as support 1.0640 holds.
On the upside minor resistance is around 1.0787 and break above would extend gains till 1.0881/1.0930. Buy around 1.0680 with stop around 1.0640 with target of 1.0881/1.0930.