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FxWirePro: Buy EUR/USD above 1.05465

  • Major Intraday Resistance – 1.05465 (Gann 3*1 line)
     
  • Major support – 1.0435 (200- H MA)
     
  • The pair jumped sharply till 1.06530 from the low of 1.03722.  EUR/USD has once again slipped from the high of 1.06530 level. It is currently trading around 1.05387.
     
  • Short term trend is slightly bullish as long as support 1.0435 holds.
     
  • On the higher side, major intraday resistance is around 1.05465 an d any break above will take the pair to next level till 1.06182/1.06500. It should break above 1.0670 for further bullishness.
     
  • The minor support is around 1.05200 and any violation below will drag the pair down till 1.04800 (61.8% retracement of 1.03722 and 1.06530)/1.0435 (200- HMA).

    It is good to buy above 1.05465 with SL around 1.0500 for the TP of 1.06180/1.0655  
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