Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

EUR/USD Trade Idea

  • Major support – 1.10600 (trend line joining 1.09115 and 1.09519).
     
  • Major resistance- 1.1160 (200- day MA).
     
  • The pair has broken major support 1.1120 and declined till 1.11042 from that level. It is currently trading around 1.11273.
     
  • On the lower side, 1.10600 will be acting as major support and any break below confirms major weakness, a decline till 1.1000/1.0950/1.09100.
  •  
  • The major resistance is around 1.1160 and any violation above will take the pair to next immediate resistance at 1.1180 (100- day MA) /1.12440 (61.8% retracement of 1.12793. and 1.1104)/1.1280.


It is good to buy on dips around 1.1100 with SL around 1.1050 for the TP Of 1.1180/1.1245.
Resistance 

R1-1.1160

R2-1.1220

R3-1.1280

Support    

S1-1.1060

S2-1.100

S3-1.095

  • Market Data
Close

Welcome to EconoTimes

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