Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

EUR/USD struggles to close above 1.1400, targets 1.1200

EUR/USD has made a low of 1.1290 and slightly recovered from that level. Intraday trend is still weak  as long as resistance 1.3670 holds.

  • The pair's major support is around 1.1280 (61.8% retracement of 1.1016 and 1.1712) and any break below targets 1.1240/1.1200.
  • On the higher side any break above 1.1370 would extend gains till 1.1400/1.14365.
  • Intraday bearish invalidation above 1.14365.

It is good to sell on rallies around 1.3200-250 with SL around 1.1370 for the TP of 1.1240/1.1200

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.