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EUR/USD recovers from 1.05295, jump till 1.100 is possible

RES 4: 1.1035 (Apr 6th high) RES 3: 1.1000 RES 2: 1.0886 (8th Apr high) RES 1: 1.0750 (15th high) PRICE: 1.0736 @ 11:51 GMT SUP 1: 1.0673 (20 day HMA) SUP 2: 1.0610 (Cloud bottom) SUP 3: 1.0550 SUP 4:1.0460 (Mar 13th low…

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  • RES 4: 1.1035 (Apr 6th high)

  • RES 3:   1.1000

  •  RES 2: 1.0886 (8th Apr high)

  •  RES 1: 1.0750 (15th high)

    PRICE: 1.0736 @ 11:51 GMT 

  • SUP 1: 1.0673 (20 day HMA)

  • SUP 2: 1.0610 (Cloud bottom)

  • SUP 3: 1.0550

  • SUP 4:1.0460 (Mar 13th low)

Commentary:

EUR/USD has slight recovered till 1.0745 after making a low of 1.0525. Overall trend is bullish  as long as support 1.0610 holds.

On the upside minor resistance is around 1.0750 and break above would extend gains till 1.0881/1.100. Buy around 1.0700 stop around 1.0600 with target of 1.0881/1.100.

 

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