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- 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.
