EUR/USD is trading above 200 day HMA,jump till 1.100 is possible
•RES 4: 1.1035 (Apr 6th high)
•RES 3: 1.1000
• RES 2: 1.09275 (76.4% retracement of 1.105 and 1.0519)
• RES 1: 1.0886 (8th high)
PRICE: 1.0806 @ 11:45 GMT
•SUP 1: 1.0756 (20 day HMA)
•SUP 2: 1.0698 (200 day HMA)
•SUP 3: 1.0640 (Cloud bottom)
•SUP 4:1.0460 (Mar 13th low)
Commentary:
EUR/USD has slight recovered till 1.0845 after making a low of 1.0525. Overall trend is bullish as long as support 1.0700 holds.
On the upside minor resistance is around 1.0885 and break above would extend gains till 1.0925/1.100. Buy around 1.0780 stop around 1.0700 with target of 1.0881/1.100.
•RES 3: 1.1000
• RES 2: 1.09275 (76.4% retracement of 1.105 and 1.0519)
• RES 1: 1.0886 (8th high)
PRICE: 1.0806 @ 11:45 GMT
•SUP 1: 1.0756 (20 day HMA)
•SUP 2: 1.0698 (200 day HMA)
•SUP 3: 1.0640 (Cloud bottom)
•SUP 4:1.0460 (Mar 13th low)
Commentary:
EUR/USD has slight recovered till 1.0845 after making a low of 1.0525. Overall trend is bullish as long as support 1.0700 holds.
On the upside minor resistance is around 1.0885 and break above would extend gains till 1.0925/1.100. Buy around 1.0780 stop around 1.0700 with target of 1.0881/1.100.