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FxWirePro: EUR/USD trades in narrow range, good to sell on rallies

  • RES 3: 1.13855 (Jun 10th high)

  • RES 3: 1.1320 (61.8% retracement of 1.1435 and 1.11339)

  • RES 2: 1.1280 (200 day H EMA)

  • RES 1: 1.12350 (Jun 24th high)

  PRICE: 1.12015 @ 11:06 GMT 

  • SUP 1: 1.1200 (Jun 17th  low)

  • SUP: 2.11780 (Jun 15th low)

  • SUP 3: 1.1100

  • SUP 4: 1.1042 (Jun 5th low)

    Commentary:

EUR/USD is trading in narrow range between 1.1235-1.1150 for the past two trading session.

On the downside minor support is around 1.1150 and any break below  will drag the pair further down till 1.1100/1.1070 level.

It is good to sell on rallies around 1.1250-60 with SL around 1.1320 for the TP of 1.1100.

 

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