Major support – 1.0900 (161.8% retracement of 1.14155 and 1.0971).
Major resistance – 1.1102 (200 day MA)
The pair has broken minor resistance 1.1000 after making a low of 1.09841 at the time of writing.
It is currently trading around 1.10353. Short term trend is slightly bullish as long as support 1.09000 holds.
Any break above 1.1050 (hourly Tenken-Sen) will take the pair to next level till 1.1102 (200 day MA)/1.1188 (high made after Brexit)/1.1235 (61.8% retracement of 1.14278 and 1.109119).
On the lower side any break below 1.09840 (today’s low) will drag the pair down till 1.0900 (161.8% retracement of 1.14155 and 1.0971/1.0834 (61.8% retracement of 1.10852 and 1.09119).
It is good to buy above 1.1050 with SL around 1.0984 for the TP of 1.1102/1.188/1.1230.
Major resistance – 1.1102 (200 day MA)
The pair has broken minor resistance 1.1000 after making a low of 1.09841 at the time of writing.
It is currently trading around 1.10353. Short term trend is slightly bullish as long as support 1.09000 holds.
Any break above 1.1050 (hourly Tenken-Sen) will take the pair to next level till 1.1102 (200 day MA)/1.1188 (high made after Brexit)/1.1235 (61.8% retracement of 1.14278 and 1.109119).
On the lower side any break below 1.09840 (today’s low) will drag the pair down till 1.0900 (161.8% retracement of 1.14155 and 1.0971/1.0834 (61.8% retracement of 1.10852 and 1.09119).
It is good to buy above 1.1050 with SL around 1.0984 for the TP of 1.1102/1.188/1.1230.