EUR/USD is trading near to year low, decline till 1.0390 is poss
•RES 4: 1.0806 (200 day 4HMA)
•RES 3: 1.0745 (Cloud top)
• RES 2: 1.0645 (55 day 4H EMA)
• RES 1: 1.0590 (20 day 4HMA)
PRICE: 1.05250 @ 10:30 GMT
•SUP 1: 1.0550 (Mar 17th low)
•SUP 2: 1.04610 (Mar 13th low)
•SUP 3: 1.0393 (61.8% retracement of 1.1523 to 1.04613 from 1.10509)
•SUP 4:1.0300
Commentary:
EUR/USD has broken major support 1.0550 and decline till 1.0393 cannot be ruled out
On the upside minor resistance is around 1.0590 and break above would extend gains till 1.0645/1.0745. Sell around 1.0590 stop around 1.0650 with target of 1.0460/1.0395.
•RES 3: 1.0745 (Cloud top)
• RES 2: 1.0645 (55 day 4H EMA)
• RES 1: 1.0590 (20 day 4HMA)
PRICE: 1.05250 @ 10:30 GMT
•SUP 1: 1.0550 (Mar 17th low)
•SUP 2: 1.04610 (Mar 13th low)
•SUP 3: 1.0393 (61.8% retracement of 1.1523 to 1.04613 from 1.10509)
•SUP 4:1.0300
Commentary:
EUR/USD has broken major support 1.0550 and decline till 1.0393 cannot be ruled out
On the upside minor resistance is around 1.0590 and break above would extend gains till 1.0645/1.0745. Sell around 1.0590 stop around 1.0650 with target of 1.0460/1.0395.