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- RES4:1.15336 (Feb 3rd high)
- RES3: 1.1450 (Feb 19th high)
- RES2: 1.1352 (161.8% retracement of 1.10345 and 1.05192)
- RES 1:1.12477 (Apr 30th High)
PRICE: 1.1252@ 10:38 GMT
- SUP 1: 1.1180
- SUP2: 1.1177 (Tenken-Sen)
- SUP 2: 1.1092 (20 day 4HMA)
- SUP 3: 1.107 (Trend line resistance turned into Support)
Commentary:
EUR/USD has broken major resistance 1.1245 and this confirms short term bullishness, a jump till 1.1530 cannot be ruled out. Intraday trend reversal can happen only below 1.1180.
Any break below 1.1180 will take the pair down till 1.1177/1. trend reversal only below 1.107.
It is good to buy around 1.1250 with stop around 1.1180 for the target of 1.1530.
