EUR/USD recovers from 1.05295, market awaits ECB press conference

• RES 4: 1.0886 (Apr 8^th high)
  
  
• RES 3:   1.0756 (200 day HMA)
  
  
•  RES 2: 1.0706 (14^th Apr high)
  
  
•  RES 1: 1.0632 (20 day 4HMA)

    PRICE: 1.05848 @ 11:52 GMT 

• SUP 1: 1.0550 (Mar 17^th low)
  
  
• SUP 2: 1.04610 (Mar 13^th 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 till 1.0706 after making a low of 1.0525. Overall trend is weak as long as 1.0756 holds.

ECB has kept its benchmark interest rates, marginal lending facility and deposit facility unchanged at 0.05% in today's meeting. Market awaits ECB press conference at 12:30 GMT.

On the upside minor resistance is around 1.0632 and break above would extend gains till 1.0706/1.0760. Sell around 1.0640 stop around 1.0760 with target of 1.0460/1.0395.