FxWirePro: EURUSD trades well above pschycological 1.1000 level, good to buy on dips
Major resistance – 1.11050 (trend line joining 1.12793 and 1.12443) Major support – 1.1015 (21- day MA) The pair breaks 55- day EMA today morning and jumped till 1.0994 at the time of writing. The pair slightly declined …
Major resistance – 1.11050 (trend line joining 1.12793 and 1.12443)
Major support – 1.1015 (21- day MA)
The pair breaks 55- day EMA today morning and jumped till 1.0994 at the time of writing. The pair slightly declined from the high of 1.09984 after mixed manufacturing PMI reports from Euroland.
Currently, EUR/USD trades at 0.26% higher at 1.10837 and upside is rejected at 1.1100 level.
In terms of technicals, the pair finds resistance at 1.1100 (psychological resistance) and any break above will take the pair to next level till 1.1128 (50- day MA)/1.1175 (200- day MA).
On the lower side, immediate support stands 1.1055 (daily Kijun-Sen)/1.1000/1.0930 (10- day MA).
It is good to buy on dips around 1.1050 with SL around 1.1000 for the TP of 1.1175
