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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.
