EUR/USD struggles to close above 1.1450, good to sell on rallies

• RES 4:1.14656 (May 15^th high)
  
   
• RES 3: 1.14450 (May 14^th high)
  
  
• RES 2: 1.13855 (Jun 10^th high)
  
  
• RES 1: 1.1355 (20 day HMA)

  PRICE: 1.13046 @ 11:25 GMT 

 

• SUP 1: 1.1282 (200 day HMA)
  
  
• SUP 2: 1.1200 (Jun 17^th  low)
  
  
• SUP: 1.11780 (Jun 15^th low)
  
  
• SUP 4: 1.1100
  
  

Commentary:

EUR/USD pared it s gains after making a high of 1.14350and any further bullishness can be seen only above 1.1450 level.

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.

Overall trend reversal only above 1.1450 level.

It is good to sell on rallies around 1.1380 with SL around 1.1450 for the TP of 1.1200/1.1178.