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- RES4:1.13855 (Jun 10th high)
- RES3: 1.13301 (Jun 11th high)
- RES 2: 1.1270 (55 day H EMA)
- RES 1: 1.1221 (200 day HMA)
PRICE: 1.1203 @ 12:05 GMT
- SUP 1: 1.1178 (Jun 11th low)
- SUP2: 1.1101 (50 % retracement of 1.0818 and 1.13854)
- SUP 2: 1.1050 (Jun 5th low)
- SUP 3: 1.100
Commentary:
EUR/USD has broken short term support 1.1200 which confirms short term bearishness, a decline till 1.1100/1.1060 cannot be ruled out.
Intraday resistance is around 1.1290.
The major support is around 1.11780 and break below will target 1.110/1.1060.
It is good to sell on rallies around 1.1230 with stop around 1.1290 for the target of 1.1100/1.1065.
