FxWirePro:EUR/USD trades below trend line support, dip till 1.06579 likely
Major resistance – 1.0815 (161.8%retraceemnt of 1.07196 and 1.05891). EUR/USD has broken major trend line support at 1.07400 and closed slightly below that level in the hourly chart. It is currently trading around 1.0719…
Major resistance – 1.0815 (161.8%retraceemnt of 1.07196 and 1.05891).
EUR/USD has broken major trend line support at 1.07400 and closed slightly below that level in the hourly chart. It is currently trading around 1.07192.
On the lower side, any break below 1.0690 (200- HMA) will drag the pair down till 1.06579 (61.8% retracement of 1.05891 and 1.07730)/1.05891.
Potential reversal Zone is around 1.08015 and any break above will take the pair till 1.08735.
It is good to sell on rallies around 1.07300 with SL around 1.07800 for the TP of 1.06750/1.05890.
