Major resistance- 1.1370
Major support – 1.12680 (200 HMA).
The pair has jumped till 1.13549 and broken 1.13000 level. It is currently trading around 1.12952.
On the lower side, 200 HMA will be acting as major support and any break below targets 1.1224 (100 day MA)/1.1175 (55 day EMA).
Technically EUR/USD has formed a temporary top around 1.1370 and any bullishness can be seen only above that level. Any violation above 1.1370 will take the pair till 1.1435/1.1450.
It is good to sell below 1.12680 with SL around 1.1311 for the TP of 1.1200/1.1175.
Major support – 1.12680 (200 HMA).
The pair has jumped till 1.13549 and broken 1.13000 level. It is currently trading around 1.12952.
On the lower side, 200 HMA will be acting as major support and any break below targets 1.1224 (100 day MA)/1.1175 (55 day EMA).
Technically EUR/USD has formed a temporary top around 1.1370 and any bullishness can be seen only above that level. Any violation above 1.1370 will take the pair till 1.1435/1.1450.
It is good to sell below 1.12680 with SL around 1.1311 for the TP of 1.1200/1.1175.