FxWirePro: Buy EUR/USD above 1.05465
Friday, December 30, 2016 7:09 AM UTC
- Major Intraday Resistance – 1.05465 (Gann 3*1 line)
- Major support – 1.0435 (200- H MA)
- The pair jumped sharply till 1.06530 from the low of 1.03722. EUR/USD has once again slipped from the high of 1.06530 level. It is currently trading around 1.05387.
- Short term trend is slightly bullish as long as support 1.0435 holds.
- On the higher side, major intraday resistance is around 1.05465 an d any break above will take the pair to next level till 1.06182/1.06500. It should break above 1.0670 for further bullishness.
- The minor support is around 1.05200 and any violation below will drag the pair down till 1.04800 (61.8% retracement of 1.03722 and 1.06530)/1.0435 (200- HMA).
It is good to buy above 1.05465 with SL around 1.0500 for the TP of 1.06180/1.0655