FxWirePro: EUR/USD faces strong support at 1.0735, beak below confirms minor weakness
Major support - 1.073500 (trend line joining 1.04948 and 1.06072). Major intraday resistance - 1.08200 (4H Kijun-Sen). EUR/USD formed a temporary at 1.0958 on Mar 27th and continuously declining from that level. The pair…
Major support - 1.073500 (trend line joining 1.04948 and 1.06072).
Major intraday resistance - 1.08200 (4H Kijun-Sen).
EUR/USD formed a temporary at 1.0958 on Mar 27th and continuously declining from that level. The pair breaks major support of 1.07600 (Mar 24th low) and declined till 1.07405. It is currently trading around 1.07549 0.09% lower.
On the lower side, any break below 1.07350 confirms minor weakness , a decline till 1.07000 is possible. Any break below 1.0700 (50% retracement of 1.04948 and 1.09058) will drag the pair till 1.06500/1.0600.
The major resistance is around 1.08200 and any violation above will take the pair to next level till 1.0880/1.0906.
It is good to sell below 1.073500 with SL around 1.07800 for the TP of 1.06060
