- RES 4: 1.0886 (Apr 8th high)
- RES 3: 1.0782 (Cloud top)
- RES 2: 1.0657 (Cloud bottom)
- RES 1: 1.0566 (20 day 4HMA)
PRICE: 1.05684 @ 11:03 GMT
- SUP 1: 1.0550 (Mar 17th low)
- SUP 2: 1.04610 (Mar 13th low)
- SUP 3: 1.0393 (61.8% retracement of 1.1523 to 1.04613 from 1.10509)
- SUP 4:1.0300
Commentary:
EUR/USD has slight recovered after making a low of 1.0525. Overall trend is weak as long as 1.0660 holds.
US March retail sales is expected to rise 1.1% compared to forecast of -0.6%.
On the upside minor resistance is around 1.0660 and break above would extend gains till 1.0782. Sell around 1.0590 stop around 1.0660 with target of 1.0460/1.0395.


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