EUR/USD outlook – eyeing 1.1260 as falling trend line breached
Resistance – 1.1226 (hourly 50-MA), 1.1270 (trend line + hourly 200-MA), 1.13
Support – 1.1196, 1.1144 (Mar 24 low), 1.11
Support – 1.1196, 1.1144 (Mar 24 low), 1.11
- In the light of a bullish break in hourly RSI, the pair could be heading higher to 1.1270 (larger falling trend line + hourly 200-MA) given the smaller falling trend line has been breached on hourly closing basis.
- On the other hand, a failure to stay above smaller falling trend line would open doors for a re-test of 1.1180 (yesterday’s low).
