Technicals

Add as a preferred source on Google

EUR/USD struggles to break 1.1218, decline till 1.0925 is possible

EUR/USD is facing strong resistance around 1.2180 and not able to break that level. It has made a high of 1.2120 and started retreating from that level. The pair's major intraday support is around 1.10790 (Aug 13th low) …

1 min read
EUR/USD struggles to break 1.1218, decline till 1.0925 is possible
Image from the original EconoTimes article

Read the original article

  • EUR/USD is facing strong resistance around 1.2180 and not able to break that level. It has made a high of 1.2120 and started retreating from that level.
     
  • The pair's major intraday support is around 1.10790 (Aug 13th low) and any break below will take the pair further down till 1.1000/1.0950/1.0920.
     
  • Minor resistance are at 1.1120 and break above targets 1.1150/1.11780.
     
  • Bearish invalidation only above 1.1218.

It is good to sell on rallies around 1.1080-85 with SL around 1.1150 for the TP of 1.095/1.0920

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560