Major support - 1.06500 (61.8% retracement of 1.04948 and 1.09058). Major intraday resistance - 1.0789 (4H Kijun-Sen). EUR/USD broken major support at 1.07350 yesterday and declined till 1.06700 at the time of writing. T…
Major support - 1.06500 (61.8% retracement of 1.04948 and 1.09058).
Major intraday resistance - 1.0789 (4H Kijun-Sen).
EUR/USD broken major support at 1.07350 yesterday and declined till 1.06700 at the time of writing. The pair has formed temporary at 1.09058 on Mar 27th and any minor bullishness only above that level. It is currently trading around 1.06798 0.06% higher.
On the lower side, any break below 1.06500 confirms minor weakness, a decline till 1.06000 (Mar 14th 2017 low) is possible. Any break below 1.0600 will drag the pair till 1.05250 (Mar 9th 2017 low).
The near term resistance is around 1.0760 (support turned into resistance) and any violation above will take the pair to next level till 1.0790/1.08200.
It is good to sell on rallies around 1.06950-1.06980 with SL around 1.0760 for the TP of 1.0606/1.05250.
