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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…

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EUR/USD faces strong intraday support at 1.12670, break below targets 1.120/1.1150
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  • 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 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

 

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