FxWirePro: EUR/USD faces strong support at 100 HMA, good to buy at dips
Minor resistance- 1.13050 (hourly Tenken-Sen) Major support – 1.12700 (200 HMA) EUR/USD has slightly recovered after making a low of 1.12897. It is currently trading around 1.13020. On the higher side any break above 1.1…
EUR/USD has slightly recovered after making a low of 1.12897. It is currently trading around 1.13020.
On the higher side any break above 1.13050 will take the pair to next immediate resistance at 1.1348 (hourly Kijun-Sen)/1.13648 (61.8% retracement of 1.14154 and 1.12897)/1.1400.
The pair’s major intraday support is around 1.1270 (200 HMA) and break below targets 1.1240 (21 day MA)/1.1215 (100 day MA).
In hourly chart CCI (50) and RSI (14) is showing bullish divergence.
It is good to buy above 1.3050 with SL around 1.12700 for the TP of 1.3485/1.13650/1.1400
