EUR/USD has broken major support of 1.1300 after a long consolidation. The pair hits intraday low of 1.12400 for the day. The major reason for the slump in Euro was policy divergence between US Fed and ECB , Italian budget deficit problem and widening of spread between Italy 10 year and German bund. It is currently trading around 1.12550.
On the lower side, near term trend line support is around 1.12400 and any break below targets 1.1200/1.1150 level.
The major trend reversal only above 1.15000 and any violation above targets 1.16200. Major bullishness only above that level. The near term resistance is around 1.13000 (23.6% fib) and any break above targets 1.13600 (5- day MA)/1.1400.
It is good to sell on rallies around 1.13000 with SL around 1.13600 for the TP of 1.11600.
Resistance
R1- 1.1360
R2 - 1.1435
R3- 1.1500
Support
S1- 1.1240
S2- 1.1200
S3- 1.1150


AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low 



