EUR/USD breaks 200 day HMA,decline till 1.0520 is possible

• RES 4:   1.0935 (61.8% retracement of 1.105 and 1.0520)
  
  
•  RES 3: 1.0847 (Apr 17^th high)
  
  
•  RES 2: 1.0775 (61.8% retracement of 1.0847 and 1.0658)
  
  
• RES 1:  1.0722 (20 day HMA)

    PRICE: 1.0700 @ 11:55 GMT 

• SUP 1: 1.0678 (200 day HMA)
  
  
• SUP 2: 1.0640 (61.8% retracement of 1.0520 and 1.0847)
  
  
• SUP 3: 1.0580(15^th Apr low)
  
  
• SUP 4:1.0460 (Mar 13^th low)

Commentary:

EUR/USD has retreated after making a high of 1.0847. Intraday trend is bearish as long as resistance  1.0780 holds.

On the upside minor resistance is around 1.0722 and break above would extend gains till 1.0780/1.0850. Sell around 1.0720 with stop around 1.0780 with target of 1.0600/1.0530.