Technicals

Add as a preferred source on Google

FxWirePro: EUR/USD faces strong support around 1.108, good to sell on rallies

EURUSD has made a low of 1.1090 and recovered till 1.1174. It is currently trading at 1.11360. The pair's intraday resistance is around 1.1178 and break above will take the pair to next target at 1.1235/1.1270 in short t…

1 min read
FxWirePro: EUR/USD faces strong support around 1.108, good to sell on rallies
Image from the original EconoTimes article

Read the original article

EURUSD has made a low of 1.1090 and recovered till 1.1174. It is currently trading at 1.11360.

  • The pair's intraday resistance is around 1.1178 and break above will take the pair to next target at 1.1235/1.1270 in short term.
  • On the lower side major support is around 1.1080 and break below will drag the pair further down till 1.1040/1.1000.
  • The pair's minor support is around 1.1110.

It is good to sell on rallies around 1.1175-80 with SL around 1.1230 for the TP of 1.1090/1.1045.

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560