EURUSD is trading in narrow range and is facing strong resistance to break above 1.1600. US economic data released yesterday came at sightly lesser than expected . US retail sales came at 0.1% compared to forecast of 0.6%.But Italy’s budget problem and Merkel Christian Social Union conservative allies has lost their majority in crushing vote in the Bavarian state is preventing Euro from further upside. Markets eye German ZEW economic sentiment data for further direction.
On the higher side, near term strong resistance is around 1.1620 (20- day MA) and any break above targets 1.1660/1.1720.The pair should break above 1.1800 for further bullishness continuation.
The near term minor support is around 1.1500 and any violation below targets 1.1460/1.1430. Any convincing break below 1.1430 confirms major bearishness.
It is good to buy above 1.1600 with SL 1.1570 for the TP of 1.1700
R1- 1.1600
R2 - 1.1660
R3- 1.1725
Support
S1- 1.1500
S2- 1.1460
S3- 1.1435


US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
NZDJPY Bears Stay in Command: Sell Rallies at 92.72-75 Targeting 90 as All EMAs Flash Red
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
EUR/JPY Under Pressure: Broad Yen Buying Keeps Bears in Control Below 183.00
FxWirePro- Woodies pivot (Major)
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro: GBP/USD slips as dollar rebounds from six-week low
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support 



