EUR/USD faces strong resistance at 1.118,good to sell on rallies

FX:EURUSD   Euro / U.S. Dollar
195 0 8
Major intraday Resistance- 1.1155 (21 day 4 HMA and also trend line joining 1.12168 and 1.1200)

Major support – 1.1100 (200 day MA)

Euro             has jumped till 1.11548 today and declined from that level. It is currently trading around 1.11320.

Short term trend is slightly weak as long as 1.1180 (200 day HMA ) holds. Any break above 1.1180 will take the pair to next level at 1.12168/1.12427 (May 23rd high).

On the lower side major support is around 1.1100 and break below targets 1.1050/1.1000.

Market awaits US consumer confidence data for further direction.

It is good to sell on rallies around 1.1150 with SL around 1.1185 for the TP of 1.1100/1.1050.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out