EUR/USD is trading above major support 1.0880, uptrend till 1.10
RES 4: 1.12
RES 3: 1.0862
RES 2: 1.1069 (200 day 4HMA)
RES 1: 1.10360 (Mar 18th high)
PRICE: 1.09872 (11:55 GMT )
SUP 1: 1.0880
SUP 2: 1.0749 (Tenken-Sen)
SUP 3:1.0610 (Mar 19th low)
SUP 4: 1.0500
Commentary:
EUR/USD has retreated after making a high of 1.10281 . Overall bearish invalidation can happen only above 1.10360. Any break above will take the pair till 1.120 in short term.
Intraday weakness can be seen only if closes below 1.0880. Traders can hold their long position with stop around 1.0880 . It is good to buy at dips around 1.09500 for the target of 1.10350.
RES 3: 1.0862
RES 2: 1.1069 (200 day 4HMA)
RES 1: 1.10360 (Mar 18th high)
PRICE: 1.09872 (11:55 GMT )
SUP 1: 1.0880
SUP 2: 1.0749 (Tenken-Sen)
SUP 3:1.0610 (Mar 19th low)
SUP 4: 1.0500
Commentary:
EUR/USD has retreated after making a high of 1.10281 . Overall bearish invalidation can happen only above 1.10360. Any break above will take the pair till 1.120 in short term.
Intraday weakness can be seen only if closes below 1.0880. Traders can hold their long position with stop around 1.0880 . It is good to buy at dips around 1.09500 for the target of 1.10350.