EUR/USD: 161.8% retracement and Bullish Divergence MACD
EUR/USD shown a continuous downside for the past ten trading session. It has declined till 1.08596 at the time of writing. The pair is currently trading around 1.08750. On the lower side, major support is around 1.08475 …
EUR/USD shown a continuous downside for the past ten trading session. It has declined till 1.08596 at the time of writing. The pair is currently trading around 1.08750.
On the lower side, major support is around 1.08475 (161.8% retracement of 1.1045 and 1.13660) and any break below targets 1.0820 (Mar 10th 2016 low)/1.0775.
The pair immediate resistance is around 1.0902 (23.6% retracement of 1.10392 and 1.08953) and any break above will take the pair to next level till 1.09500/1.09715.
Short term trend reversal only above 1.1040.
It is good to buy on dips around 1.0875 with SL around 1.8400 for the TP of 1.09450/1.09715
