•RES 4:1.1035 (Apr 6th High)
•RES 3: 1.100
•RES 2: 1.0935 (61.8% retracement of 1.105 and 1.0520)
• RES 1: 1.0847 (Apr 17th high)
PRICE: 1.08036 @ 6:19 GMT
•SUP 1: 1.0800
•SUP 2: 1.0753 (200 day HMA)
•SUP 3: 1.0640 (61.8% retracement of 1.0520 and 1.0847)
•SUP 4: 1.0580 (15th Apr low)
Commentary:
EUR/USD has retreated after making a high of 1.0895. It has formed Bearish gartley pattern in hourly chart and decline till 1.0680 is possible.
Technically EUR/USD is facing major resistance around 1.0935 and any break above would extend gains till 1.100/1.1035. The major support is around 1.0640 and any further weakness can be seen only below that level.
Sell around 1.0850 with stop around 1.0936 for the target of 1.0680.
•RES 3: 1.100
•RES 2: 1.0935 (61.8% retracement of 1.105 and 1.0520)
• RES 1: 1.0847 (Apr 17th high)
PRICE: 1.08036 @ 6:19 GMT
•SUP 1: 1.0800
•SUP 2: 1.0753 (200 day HMA)
•SUP 3: 1.0640 (61.8% retracement of 1.0520 and 1.0847)
•SUP 4: 1.0580 (15th Apr low)
Commentary:
EUR/USD has retreated after making a high of 1.0895. It has formed Bearish gartley pattern in hourly chart and decline till 1.0680 is possible.
Technically EUR/USD is facing major resistance around 1.0935 and any break above would extend gains till 1.100/1.1035. The major support is around 1.0640 and any further weakness can be seen only below that level.
Sell around 1.0850 with stop around 1.0936 for the target of 1.0680.