FxWirePro: EUR/USD key resistance at 1.0689, downside prevail in the short term

• The pair found bullish momentum in the early European session as the pair found some short term buying interest. The pair briefly tested resistance level at 1.0689 but failed to advance further. Any upside should be limited around 1.0690 and the pair is set to flatter further below in the short term as dollar is stronger against the euro ahead of FOMC meeting.
   
• To the upside, the strong resistance can be seen at 1.0689, a break above this level would take the pair towards next resistance at 1.0760.
• To the downside immediate support can be seen at 1.0640 levels, a break below this level will open the door towards next level at 1.0600.

Recommendation: Go short around 1.0690, targets 1.0640, 1.0600, SL 1.0780

Resistance Levels

R1: 1.0689 (38.2% Retracement level)

R2: 1.0760 (50% Retracement level)

R3: 1.0828 (61.8% Retracement level)

Support Levels

S1: 1.0640 (Daily lows)

S2: 1.0600 (23.6% Retracement level)

S3: 1.0557 (Feb 5th lows)