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EUR/USD breaks major support at 1.1200, targets 1.1065

RES4:1.13855 (Jun 10th high) RES3: 1.13301 (Jun 11th high) RES 2: 1.1270 (55 day H EMA) RES 1: 1.1221 (200 day HMA) PRICE: 1.1203 @ 12:05 GMT SUP 1: 1.1178 (Jun 11th low) SUP2: 1.1101 (50 % retracement of 1.0818 and 1.13…

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  • RES4:1.13855 (Jun 10th high)
     
  • RES3: 1.13301 (Jun 11th high)

  • RES 2: 1.1270 (55 day H EMA)

  • RES 1: 1.1221 (200 day HMA)


  PRICE: 1.1203 @ 12:05 GMT 

  • SUP 1: 1.1178 (Jun 11th low)

  • SUP2: 1.1101 (50 % retracement of 1.0818 and 1.13854)

  • SUP 2: 1.1050 (Jun 5th low)

  • SUP 3: 1.100

Commentary:

EUR/USD has broken short term support 1.1200 which confirms short term bearishness, a decline till 1.1100/1.1060 cannot be ruled out.

Intraday resistance is around 1.1290.

The major support is around 1.11780 and break below will target 1.110/1.1060.

It is good to sell on rallies around 1.1230 with stop around 1.1290 for the target of 1.1100/1.1065.

 

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