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EUR/USD struggles to close above 1.1400, good to buy at dips

RES 4:1.14656 (May 15th high) RES 3: 1.14450 (May 14th high) RES 2: 1.13855 (Jun 10th high) RES 1: 1.1362 (20 day HMA) PRICE: 1.1343 @ 11:53 GMT SUP 1: 1.1292 (200 day HMA) SUP 2: 1.1200 (Jun 17th low) SUP: 1.11780 (Jun …

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  • RES 4:1.14656 (May 15th high)

     
  • RES 3: 1.14450 (May 14th high)


  • RES 2: 1.13855 (Jun 10th high)


  • RES 1: 1.1362 (20 day HMA)

  PRICE: 1.1343 @ 11:53 GMT 

  • SUP 1: 1.1292 (200 day HMA)


  • SUP 2: 1.1200 (Jun 17th  low)


  • SUP: 1.11780 (Jun 15th low)


  • SUP 4: 1.1100

Commentary:

EUR/USD pared it s gains after making a high of 1.14025 and is currently trading at 1.1355. Ovcerall trend is bullish as long as support 1.1280 holds.

On the downside minor support is around 1.1280 and any break below  will drag the pair further down till 1.1200/1.1178 level.

It is good to buy at dips around 1.1330 with SL around 1.1280 for the TP of 1.14350/1.1465.

 

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