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- RES 4: 1.1178 (Support turned into resistance)
- RES 4: 1.1140 (Jul 3rd high)
- RES 3: 1.1100 (Jul 6th high)
- RES 2: 1.1030 (20 day 4 HMA)
PRICE: 1. 10316 @ 12:09 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 declined till 1.09195. It is trading around 1.10215.
The minor support is around 1.1000 and break below will drag the pair further down till 1.0950/1.09150.
It is good to sell on rallies around 1.10650 with SL around 1.1095 for the TP of 1.0950
