FxWirePro: EURUSD trades below trend line support, dip till 1.05250 likely
Major support – 1.06400 (trend line joining 1.04940 and 1.06348). Major intraday resistance – 1.0662 (21- 4H EMA). EURUSD has rallied against all major pairs after US fires missiles into Syria. All safe haven assets show…
Major support – 1.06400 (trend line joining 1.04940 and 1.06348).
Major intraday resistance – 1.0662 (21- 4H EMA).
EURUSD has rallied against all major pairs after US fires missiles into Syria. All safe haven assets shown huge upside after the attack of U.S on Syria.
Market awaits U.S NFP data for further direction. U.S economy is expected to add 174K jobs in Mar compared to 235k jobs in Feb.
On the lower side, any close below trend line support will drag the pair down till 1.0600/1.05250/1.04950.
The near term resistance is around 1.06600 and any break above will take the pair till 1.07020 (21- day EMA)/1.07600.
It is good to sell on rallies around 1.0640-1.0645 with SL around 1.0702 for the TP of 1.05250/1.04950.
