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EUR/USD is trading near 200 day HMA, pullback till 1.0930 is possible

RES 4: 1.1035 (Apr 6th high) RES 3: 1.1000 RES 2: 1.0929 (76.4% retracement of 1.105 and 1.0519) RES 2: 1.0886 (8th high) RES 1: 1.0787 (20 day HMA) PRICE: 1.0733 @ 11:10 GMT SUP 1: 1.0683 (200 day HMA) SUP 2: 1.0640 (61…

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  • RES 4: 1.1035 (Apr 6th high)

  • RES 3:   1.1000

  •  RES 2: 1.0929 (76.4% retracement of 1.105 and 1.0519)

  •  RES 2: 1.0886 (8th high)

  • RES 1:  1.0787 (20 day HMA)

    PRICE: 1.0733 @ 11:10 GMT 

  • SUP 1: 1.0683 (200 day HMA)

  • SUP 2: 1.0640 (61.8% retracement of 1.0520 and 1.0847)

  • SUP 3: 1.0580(15th Apr low)

  • SUP 4:1.0460 (Mar 13th low)

Commentary:

EUR/USD has retreated after making a high of 1.0847. Overall trend is bullish as long as support 1.0640 holds.

On the upside minor resistance is around 1.0787 and break above would extend gains till 1.0881/1.0930. Buy around 1.0680 with stop around 1.0640 with target of 1.0881/1.0930.

 

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