- RES 4: 1.10862 (200 day HMA)
- RES 3: 1.0792
- RES 2: 1.0730 (Ichimoku cloud bottom)
- RES 1: 1.0625-60 (55 day EMA and cloud bottom)
PRICE: 1.0580 @ 11:40 GMT
- SUP 1: 1.0559 (Cloud top)
- SUP 2: 1.0490 (Mar 12th Low)
- SUP 3: 1.0504 (2003 lows)
- SUP 4: 1.0300
EUR/USD has broken major support 1.0500 and recovered till 1.06419 from that level. This confirms intraday bullishness and bounce back till 1.073 cannot be ruled out.
The pair's minor resistance is around 1.0730 and above it can reach 1.0795/1.0895. Short term trend reversal can happen only above 1.1020 level.
