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- RES4: 1.1352 (161.8% retracement of 1.10345 and 1.05192)
- RES 3:1.12410 (38.2% retracement of 1.25686 and 1.04615)
- RES 2:1.1187 (Apr 29th High)
- RES 1: 1.11201 (61.8% retracement of 1.15327 and 1.04615)
PRICE: 1.1213@ 07:17 GMT
- SUP 1: 1.1070 (Trend line resistance turned into support)
- SUP2: 1.1035 (Resistance turned into support)
- SUP 2: 1.100
- SUP 3: 1.0930 (38.2% retracement of 1.0460 and 1.11867)
Commentary:
EUR/USD has broken major resistance 1.107 and this confirms short term bullishness, a jump till 1.1240 cannot be ruled out. Intraday trend reversal can happen only below 1.10700.
It is good to buy around 1.110 with stop around 1.1070 for the target of 1.1240.
