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- RES4:1.11532 (Feb 3rd high)
- RES3: 1.13000 (23.6% retracement of 1.39927 and 1.04685)
- RES2: 1.12889 (May 1st high)
- RES 1: 1.12700 (Today's high)
PRICE: 1.1222@ 11:56 GMT
- SUP 1: 1.1200 (20 day HMA)
- SUP2: 1.118 (55 day H EMA)
- SUP 2: 1.1116 (Cloud top)
- SUP 3: 1.1064 (200 day HMA)
Commentary:
EUR/USD has recovered after making a low of 1.1065. Overall trend is still bullish as long as support 1.1065 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.
