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- RES4:1.11532 (Feb 3rd high)
- RES3: 1.1427 (161.8% retracement of 1.12889 and 1.1065)
- RES2: 1.1400
- RES 1: 1.13689 (May 6th high)
PRICE: 1.1305@ 11:54 GMT
- SUP 1: 1.1290 (Resistance turned into support)
- SUP2: 1.1250 (55 day H EMA)
- SUP 2: 1.1194 (Cloud top)
- SUP 3: 1.1150
Commentary:
EUR/USD has retreated after making a high of 1.1390 trend is still bullish as long as short term support 1.1195 holds.
The minor support is around 1.1290 and break below will target 1.1250/1.1195.
It is good to buy at dips around 1.1290 with stop around 1.1250 for the target of 1.139/1.1500.
