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EUR/USD breaks 200 day HMA, decline till 1.0600 is expected

RES 4: 1.1050 RES 3: 1.10250 RES 2: 1.0950 RES 1: 1.0886 (1 hour cloud top) PRICE: 1.08330 @ 10:51GMT SUP 1: 1.0840 (200 day HMA) SUP 2: 1.0800 SUP 3:1.0750 SUP 4: 1.0600 Commentary: EUR/USD is slightly trading below 200…

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  • RES 4: 1.1050
  • RES 3:   1.10250
  •  RES 2: 1.0950
  •  RES 1: 1.0886 (1 hour cloud top)

    PRICE: 1.08330 @ 10:51GMT 

  • SUP 1: 1.0840 (200 day HMA)
  • SUP 2: 1.0800
  • SUP 3:1.0750
  • SUP 4: 1.0600

Commentary:

EUR/USD is slightly trading below 200 day HMA and this confirms intra day weakness decline till 1.0600 is possible. On the upside minor resistance is around 1.09500 and intraday bullishness can been above that level.

 

 

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