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- RES 4: 1.1140 (Jul 3rd high)
- RES 3: 1.1100 (Jul 6th high)
- RES 2: 1.1060 (20 day 4 HMA)
- RES1 : 1.1020 (7 day 4 H EMA)
PRICE: 1. 09630 @ 11:49 GMT
- SUP 1: 1.1100
- SUP 2 :1.10720 (61.8% retracement of 1.09527 and 1.12769)
- SUP 3: 1.1042 (Jun 5th low)
- SUP 4: 1.1000
Commentary:
EUR/USD breaks trend line support and decline till 1.0800 cannot be ruled out bullishness can be seen only above 1.1020 level.
The minor support is around 1.0950 and break below will drag the pair further down till 1.0850/1.0800.
It is good to sell on rallies around 1.09620-650 with SL around 1.1050 for the TP of 1.0820
