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EUR/USD breaks 1.0749 (cloud bottom), dip till 1.0600 is possible

RES 4: 1.1016 (200 day 4HMA) RES 3: 1.0950 RES 2: 1.0864 (20 day 4HMA) RES 1: 1.0797 (Tenken-Sen) PRICE: 1.07430 @ 11:46 GMT SUP 1: 1.0720 SUP 2: 1.0650 SUP 3:1.0600 SUP 4: 1.0550 Commentary: EUR/USD is trading well belo…

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  • RES 4:  1.1016 (200 day 4HMA)

  • RES 3:   1.0950

  •  RES 2: 1.0864 (20 day 4HMA)

  •  RES 1: 1.0797 (Tenken-Sen)

    PRICE: 1.07430 @ 11:46 GMT 

  • SUP 1: 1.0720

  • SUP 2: 1.0650

  • SUP 3:1.0600

  • SUP 4: 1.0550

Commentary:

EUR/USD is trading well below 200 day 4HMA and this confirms intraday weakness decline till 1.0600 is possible.

 On the upside minor resistance is around 1.0864 and intraday bullishness can been above that level.

 

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