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EUR/USD Trade idea

  • Major resistance- 1.1370
     
  • Major support – 1.12680 (200 HMA).
     
  • The pair has jumped till 1.13549 and broken 1.13000 level. It is currently trading around 1.12952.
     
  • On the lower side, 200 HMA will be acting as major support and any break below targets 1.1224 (100 day MA)/1.1175 (55 day EMA).
     
  • Technically EUR/USD has formed a temporary top around 1.1370 and any bullishness can be seen only above that level. Any violation above 1.1370 will take the pair till 1.1435/1.1450.

    It is good to sell below 1.12680 with SL around 1.1311 for the TP of 1.1200/1.1175.

Resistance

R1- 1.1370

 R2-1.1435

 R3-1.1450

Support

S1-1.1268

S2-1.1200

S3-1.1175

 

 

 

 

  • Market Data
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