- RES 4: 1.1015 (200 day HMA)
- RES 3: 1.08985
- RES 2: 1.0802 (Ichimoku cloud top)
- RES 1: 1.0730 (Kijun-Sen)
PRICE:1.06418 9:19 @ GMT
- SUP 1: 1.0620 (61.8% Projection of 1.25685 to 1.10960 from 1.15327)
- SUP 2: 1.0573
- SUP 3: 1.0504 (2003 lows)
- SUP 4: 1.0300
EUR/USD has broken major support 1.0700 and closed well below the level. This confirms further weakness and decline till 1.0505 cannot be ruled out.
The pair's minor resistance is around 1.0730 and above it can reach 1.0795/1.0895. Short term trend reversal can happen only above 1.1020 level.
