Major Intraday Resistance – 1.05465 (Gann 3*1 line)
Major support – 1.0435 (200- H MA)
The pair jumped sharply till 1.06530 from the low of 1.03722. EUR/USD has once again slipped from the high of 1.06530 level. It is currently trading around 1.05387.
Short term trend is slightly bullish as long as support 1.0435 holds.
On the higher side, major intraday resistance is around 1.05465 an d any break above will take the pair to next level till 1.06182/1.06500. It should break above 1.0670 for further bullishness.
The minor support is around 1.05200 and any violation below will drag the pair down till 1.04800 (61.8% retracement of 1.03722 and 1.06530)/1.0435 (200- HMA).
It is good to buy above 1.05465 with SL around 1.0500 for the TP of 1.06180/1.0655
Major support – 1.0435 (200- H MA)
The pair jumped sharply till 1.06530 from the low of 1.03722. EUR/USD has once again slipped from the high of 1.06530 level. It is currently trading around 1.05387.
Short term trend is slightly bullish as long as support 1.0435 holds.
On the higher side, major intraday resistance is around 1.05465 an d any break above will take the pair to next level till 1.06182/1.06500. It should break above 1.0670 for further bullishness.
The minor support is around 1.05200 and any violation below will drag the pair down till 1.04800 (61.8% retracement of 1.03722 and 1.06530)/1.0435 (200- HMA).
It is good to buy above 1.05465 with SL around 1.0500 for the TP of 1.06180/1.0655
