FxWirePro:EUR/USD downside capped by 21- day MA, good to buy on dips
Tuesday, January 31, 2017 11:30 AM UTC
- Major resistance – 1.07750
- Major support – 1.0620 (21- day MA)
- EUR/USD has taken support at 21- day MA and jumped slightly from that level. It is currently trading around 1.07068.
- On the higher side, the pair immediate resistance is around 1.07750 level and any break above will take the pair till 1.08015/1.08480 level.
- The pair support is around 1.0620 (21- day MA) and any violation below will drag the EUR/USD till 1.0578/1.0530/1.0460.
It is good to buy on dips around 1.06750 with SL around 1.06200 for the TP of 1.07750/1.08015