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EUR/USD closes above Ichimoku cloud (4 Hour chart), marching towards 1.1035

RES 4: 1.1097 (200 day 4HMA) RES 3: 1.1035 RES 2: 1.0925 (Mar 19th high) RES 1: 1.0883 (Mar 23rd high) PRICE: 1.08605 @ 11:03 GMT SUP 1: 1.0793 (Cloud bottom) SUP 2: 1.0699 SUP 3: 1.0650 SUP 4: 1.0600 EUR/USD has broken …

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  • RES 4: 1.1097 (200 day 4HMA)

  • RES 3: 1.1035

  • RES 2: 1.0925 (Mar 19th high)  

  • RES 1: 1.0883 (Mar 23rd high)
     
     PRICE: 1.08605 @ 11:03 GMT 

  • SUP 1: 1.0793 (Cloud bottom)

  • SUP 2: 1.0699

  • SUP 3: 1.0650

  • SUP 4: 1.0600

EUR/USD has broken intraday resistance around 1.0750 and went up to 1. trend is bullish as long as support 1.0699 holds. It is expected to reach till 1.1030 in short term.

The pair's minor support is around 1.0699 and below it can reach 1.0650/1.0600. Short term bullish invalidation can happen only below 1.0600.

 

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