EUR/USD faces strong intraday support at 1.12670, break below targets 1.120/1.1150
Major resistance – 1.13060 (200 4 H MA) Major support – 1.12670 (4 H Tenkan-Sen) The pair has taken support near 90 day EMA yesterday and jumped till 1.13028. It is currently trading at 1.12862. The intraday trend is sli…
The pair has taken support near 90 day EMA yesterday and jumped till 1.13028. It is currently trading at 1.12862.
The intraday trend is slightly weak as long as resistance 1.1325 (4H Kijun-Sen) holds. Any break above targets 1.13650/1.1400 level.
On the lower side any break below 1.12670 will drag the pair down till 1.1220/1.1150/1.1100 in the short term. Extreme weakness can be seen only below 1.1100 level.
It is good to sell below 1.12670 with SL around 1.1325 for the TP of 1.1200/1.1150