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- RES 4: 1.100
- RES 3: 1.0935 (61.8% retracement of 1.105 and 1.0520)
- RES 2: 1.0847 (Apr 17th high)
- RES 1: 1.0775 (61.8% retracement of 1.0847 and 1.0658)
PRICE: 1.07355 @ 11:28 GMT
- SUP 1: 1.0695 (200 day HMA)
- SUP 2: 1.0640 (61.8% retracement of 1.0520 and 1.0847)
- SUP 3: 1.0580 (15th Apr low)
- SUP 4: 1.0520 (Apr 13th low)
Commentary:
EUR/USD has recovered after making a low of 1.0660. Intraday trend is neutral and further trend reversal can be seen only if it breaks above 1.0850 or below 1.0640.
It is good to stay away from market as near term outlook is mixed.
