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EUR/USD breaks 1.100, jump till 1.105 is possible

RES4: 1.1070 (trend line joining 1.0360 and 1.10510) RES 3:1.1050 (Mar 26th high) RES 2:1.1035 (Apr 6th High) RES 1: 1.100 PRICE: 1.09976@ 11:18 GMT SUP 1: 1.0977 (20 day 4HMA) SUP2: 1.0935 (Resistance turned into suppor…

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  • RES4: 1.1070 (trend line joining 1.0360 and 1.10510)

  • RES 3:1.1050 (Mar 26th high)

  • RES 2:1.1035 (Apr 6th High)

  • RES 1: 1.100


  PRICE: 1.09976@ 11:18 GMT 

  • SUP 1: 1.0977 (20 day 4HMA)

  • SUP2: 1.0935 (Resistance turned into support)

  • SUP 2: 1.0861 (Cloud bottom)

  • SUP 3: 1.0810 (200 day HMA)

Commentary:

EUR/USD has broken major resistance 1.100 and this confirms short term bullishness, a jump till 1.1050/1.1070 cannot be ruled out. Intraday trend reversal can happen only below 1.0930

It is good to buy around 1.0980 with stop around 1.0930 for the target of 1.10.5/1.1030.

 

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