Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

EUR/USD trades below 1.0600, decline below 1.0560/1.0500 is possible

EUR/USD has minor support 1.0600 and declined till 1.05770. Short term trend is weak as long as resistance 1.0640 (34 4H EMA) holds.

  • On the higher side minor resistance is around 1.0606 and 1.0626.
     
  • The pair's major support is around 1.0560 and break below targets 1.05000.
     
  • Overall bearish invalidation only above 1.06850 (trend line resistance joining 1.0829 and 1.07629).

It is good to sell on rallies around 1. 0580-85 with SL around 1.06380 for the 1.0500/1.0460.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.