Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

EUR/USD breaks major resistance 1.10350, uptrend till 1.120 is expected.

  • RES 4: 1.12

  • RES 3:   1.0862

  • RES 2: 1.1069 (200 day 4HMA)

  • RES 1: 1.10360 (Mar 18th high)

      PRICE: 1.1033 @9:55 GMT 

  • SUP 1: 1.0948 (20 day 4HMA)

  • SUP 2: 1.0880

  • SUP 3:1.0750 (Mar 19th low)

  •  SUP 4: 1.0600

Commentary:

EUR/USD has broken major resistance 1.10350 and this confirms short term bullishness a jump till 1.1200 cannot be ruled out.

Intraday weakness can be seen only if closes below 1.0940. Traders can hold their long position with stop around 1.0940 . It is good to buy at dips around 1.09500 for the target of 1.10350.

 

  • Market Data
Close

Welcome to EconoTimes

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