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EUR/USD is trading near ichimoku cloud, good to buy at declines

RES4:1.12889 (May 1st high) RES3: 1.1225 (Upper Bollinger band ) RES2: 1.1182 (20 day HMA) RES 1: 1.1156 (7 day H EMA) PRICE: 1.1140@ 11:04 GMT SUP 1: 1.1114 (Cloud bottom) SUP2: 1.1070 (Apr 30th low) SUP 2: 1.0960 (200 …

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  • RES4:1.12889 (May 1st high)


  • RES3: 1.1225 (Upper Bollinger band )


  • RES2: 1.1182 (20 day HMA)


  • RES 1: 1.1156 (7 day H EMA)

  PRICE: 1.1140@ 11:04 GMT 

  • SUP 1: 1.1114 (Cloud bottom)


  • SUP2: 1.1070 (Apr 30th low)


  • SUP 2: 1.0960 (200 day 4HMA)


  • SUP 3: 1.050 (Resistance turned into Support)

Commentary:

EUR/USD has retreated after making a high of 1. trend is still bullish as long as support 1.1070 holds.

Any break below 1.1070 will take the pair down till 1.096/1.050.

 It is good to buy around 1.1125 with stop around 1.1070 for the target of 1.1280.

 

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