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EUR/USD is trading near major resistance 1.0935, jump till 1.1035 is possible

  • RES 4:1.1050 (Mar 26th high)

  • RES 3:1.1035 (Apr 6th High)

  • RES 2: 1.100
  • RES 1:   1.0935 (61.8% retracement of 1.105 and 1.0520)

      PRICE: 1.0930@ 10:26 GMT 

  • SUP 1: 1.0843 (20 day 4HMA)

  • SUP 2: 1.0765 (200 day HMA)

  • SUP 3: 1.0640 (61.8% retracement of 1.0520 and 1.0847)

  • SUP 4: 1.0580 (15th Apr low)

Commentary:

EUR/USD is trading near major resistance and any break above would extend gains till 1.100/1.1035 in short term.

 The minor support is around 1.0840 and any intraday weakness can be seen only below that level.

Buy around 1.0900 with stop around 1.0840 for the target of 1.100/1.1030.

 

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