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EUR/USD breaks major support 1.04929,eyes 1.0400

  • RES 4: 1.0780 (200 day HMA)

  •   RES 3: 1.0680  

  •  RES 2: 1.0610 (Ichimoku cloud top)

  •  RES 1: 1.0560 (55 day EMA) 

     PRICE: 1.05285 @ 11:39 GMT 

  •  SUP 1: 1.0504 (2003 lows)

  •  SUP 2: 1.0460 (Mar 13th low)

  •  SUP 3: 1.0400

  •  SUP 4: 1.0300

EUR/USD has broken major support 1.0490 and declined till 1.0460 confirms bearish contiuation and decline till 1.0400 cannot be ruled out.

The pair's minor resistance is around 1.0680 and above it can reach 1.0730/1.0795. Short term trend reversal can happen only above 1.1020 level.

 

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