Technicals

Add as a preferred source on Google

EUR/USD is facing resistance around 1.1290, good to buy at dips

RES4:1.11532 (Feb 3rd high) RES3: 1.1427 (161.8% retracement of 1.12889 and 1.1065) RES 2: 1.13689 (May 6th high) RES 1: 1.1290 (May 1st high) PRICE: 1.12397@ 11:25 GMT SUP 1: 1.1200 (200 day HMA) SUP2: 1.1178 (20 day HM…

1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • RES4:1.11532 (Feb 3rd high)

     
  • RES3: 1.1427 (161.8% retracement of 1.12889 and 1.1065)

  • RES 2: 1.13689 (May 6th high)

  • RES 1: 1.1290 (May 1st high)


  PRICE: 1.12397@ 11:25 GMT 

  • SUP 1: 1.1200 (200 day HMA)

  • SUP2: 1.1178 (20 day HMA)

  • SUP 2: 1.1120

  • SUP 3: 1.1065 (May 5th high))

Commentary:

EUR/USD has recovered after making a low of 1.1130 yesterday. trend is still bullish as long as short term support 1.1120 holds.

Intraday resistance is around 1.1290.

The minor support is around 1.1120 and break below will target 1.10650/1.1035.

It is good to buy at dips around 1.1178 with stop around 1.1120 for the target of 1.1290/1.1380.

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560