FxWirePro
Long

EUR/USD faces trend line support at 1.1060, good to buy on dips

FX:EURUSD   Euro Fx/U.S. Dollar
197 0 5
Major support – 1.10600 ( trend line joining 1.09115 and 1.09519).

Major resistance- 1.1160 (200- day MA).

The pair has broken major support 1.1120 and declined till 1.11042 from that level. It is currently trading around 1.11273.

On the lower side, 1.10600 will be acting as major support and any break below confirms major weakness, a decline till 1.1000/1.0950/1.09100.

The major resistance is around 1.1160 and any violation above will take the pair to next immediate resistance at 1.1180 (100- day MA) /1.12440 ( 61.8% retracement of 1.12793. and 1.1104)/1.1280.

It is good to buy on dips around 1.1100 with SL around 1.1050 for the TP Of 1.1180/1.1245.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out