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EUR/USD takes support at 200 day HMA, rebound till 1.0925 is possible

RES 4: 1.1035 RES 3: 1.0925 (Ichimoku cloud top) RES 2: 1.0870 (61.8% retracement of 1.1036 and 1.0617) RES 1: 1.0805 (Ichimoku Cloud Bottom) PRICE: 1.0610 @ 11:32 GMT SUP 1: 1.0550 SUP 2: 1.0504 (2003 low) SUP 3: 1.0460…

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  •   RES 4: 1.1035

  •   RES 3: 1.0925 (Ichimoku cloud top)  

  •   RES 2: 1.0870 (61.8% retracement of 1.1036 and 1.0617)

  •  RES 1: 1.0805 (Ichimoku Cloud Bottom)

      PRICE: 1.0610 @ 11:32 GMT 

  •  SUP 1: 1.0550

  •  SUP 2: 1.0504 (2003 low)

  •  SUP 3: 1.0460

  •  SUP 4: 1.0300

EUR/USD has broken intraday resistance around 1.0750 and a jump till 1.0925 cannot be ruled out..

The pair's minor support is around 1.0600 and below it can reach 1.0500/1.0460. Short term trend reversal can happen only above 1.1030 level.

 

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