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- RES 4 :1.14980 (Feb 5th high)
- RES 3:1.14656 (May 15th high)
- RES 2: 1.14450 (May 14th high)
- RES 1: 1.13855 (Jun 10th high)
PRICE: 1.14061 @ 11:23 GMT
- SUP 1: 1.1340 (200 day HMA)
- SUP 2: 1.1284 (55 day 4 HEMA)
- SUP 3: 1.1264 (200 day HMA)
- SUP: 1.1200 (Jun 5th low)
Commentary:
EUR/USD has broken major resistance 1.1385 which confirms short term bullishness ,a jump till 1.1440/1.1465 is possible .
On the downside minor support is around 1.1320 and any break below will drag the pair further down till 1.1275/1.1200 level.
Overall trend reversal only below 1.11780.
The pair was rejected at 1.13840 on June 10th and break out above the level will take the apir till 1.4450/1.4650.
It is good to buy at dips around 1.1380 with SL around 1.1340 for the TP of 1.1450/1.1465
