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, dip till 1.0600 is possible - EconoTimes)
- RES 4: 1.0950 (Mar 27th high)
- RES 3: 1.0881 (Kijun-Sen)
- RES 2: 1.0808 (20 day 4HMA)
- RES 1: 1.0775 (Tenken-Sen)
PRICE: 1.07430 @ 11:46 GMT
- SUP 1: 1.0720 (Mar 31st low)
- SUP 2: 1.0680 (61.8% retracement of 1.04613 and 1.10509)
- SUP 3:1.0610 (Mar 19th low)
- SUP 4: 1.0550 (Mar 17th low)
Commentary:
EUR/USD is trading well below 200 day 4HMA and this confirms intraday weakness decline till 1.0600 is possible.
On the upside minor resistance is around 1.0808 and break above would extend gains till 1.0881.
Sell around 1.08000 stop around 1.0881 with target of 1.0600
