Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

EUR/USD breaks major support 1.1207, decline till 1.1100 is possible

  • Major support – 1.12070 (trend line joining 1.12558 and 1.12355)
     
  • Major intraday support – 1.1260
     
  • The pair has broken 1.12070 and declined till 1.1883 at the time of writing. It is currently trading around 1.12063.
     
  • Intraday trend is weak as long as support 1.1260 holds.
     
  • On the lower side any break below 1.12070 will drag the pair down till 1.1155/1.1100.
     
  • Any break above 1.1260 will confirm minor bullishness for the intraday , a jump till 1.1300/1.1350 is possible .
     
  • Short term bearish invalidation only above 1.13500.

It is good to sell around 1.1200-1.1205 with SL around 1.1260 for the TP of 1.1155/1.1100.

  • Market Data
Close

Welcome to EconoTimes

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