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Add as a preferred source on Google FxWirePro: Buy EUR/USD above 1.06650 Major resistance – 1.0665 (trend line joining 1.08167 and 1.07456) Major support – 1.0580 The pair has declined slightly after jumping till 1.06495 yesterday. It is currently trading around 1.06080. EUR/USD faces strong …
By FxWirePro Team Nov 22, 2016, 8:37 AM UTC
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Major resistance – 1.0665 (trend line joining 1.08167 and 1.07456)
Major support – 1.0580
The pair has declined slightly after jumping till 1.06495 yesterday. It is currently trading around 1.06080.
EUR/USD faces strong trend line resistance at 1.06625 and any violation above will target 1.0750/1.08200.
On the lower side, any break below 1.0580 will drag the pair till 1.05400 (161.8% retracement of 1.0580 and 1.06490)/1.05000 in the short term.
It is good to buy above 1.06650 with SL 1.06000 for the TP of 1.0745/1.08200.
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