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, decline till 1.0600 is possible - EconoTimes)
- RES 4: 1.1035 (Apr 6th high)
- RES 3: 1.0949 (200 day 4HEMA)
- RES 2: 1.0904 (200 day 4HMA)
- RES 1: 1.0858 (20 day 4HMA)
PRICE: 1.07731 @ 12:18 GMT
- SUP 1: 1.0794 (Cloud bottom)
- SUP 2: 1.0720 (Mar 31st low)
- SUP 3: 1.0680 (61.8% retracement of 1.04613 and 1.10509)
- SUP 4:1.0610 (Mar 19th low)
Commentary:
EUR/USD has broken trend line support 1.0800 level and decline till 1.0600 cannot be ruled out
On the upside minor resistance is around 1.0858 and break above would extend gains till 1.0881/1.0949. Sell around 1.0800 stop around 1.0880 with target of 1.0600.
