Major intraday support – 1.05900 (trend line joining 1.05694 and 1.05786). Major intraday resistance – 1.06480 (23.6% retracement of 1.09058 and 1.05694). EURUSD has recovered slightly till 1.06298 yesterday after making…
Major intraday support – 1.05900 (trend line joining 1.05694 and 1.05786).
Major intraday resistance – 1.06480 (23.6% retracement of 1.09058 and 1.05694).
EURUSD has recovered slightly till 1.06298 yesterday after making a low of 1.05694. The pair shown a mild dip from the high and it is facing support at 1.05900. Any break below will drag the pair till 1.05694/1.05250.It is currently trading around 1.0600.
The near term resistance is around 1.06480 (23.6% retracement of 1.09058 and 1.05695) and any break above targets 1.0678 (21- day EMA)/1.07020.
On the lower side, any break below 1.05250 will drag the pair down till 1.04950/1.0340.
It is good to buy on dips around 1.0590 with SL around 1.05250 for the TP of 1.06800/1.0720.
