FxWirePro
Short

EUR/USD is struggling to break 200 HMA,targets 1.1070

FX:EURUSD   Euro Fx/U.S. Dollar
750 0 5
•RES4:1.1290 (May 1st High)

•RES3: 1.1230 (55 day HMA)

•RES2: 1.1190 (200 day HMA)

•RES 1: 1.1164 (Kijun-Sen)


PRICE: 1.1147@ 11:29 GMT

•SUP 1: 1.1120

•SUP2: 1.1065 (May 5th low)

•SUP 3: 1.10345 (resistance turned into support)

•SUP 4: 1.09552 (50% retracement of 1.0464 and 1.139)

Commentary:

EUR/USD             has retreated after making a high of 1.1290 on Friday .Overall trend is still bullish as long as short term resistance 1.1290 holds.

Intraday resistance is around 1.1195.

The minor support is around 1.1120 and break below will target 1.10650/1.1035.

It is good to sell on rallies around 1.11605 with stop around 1.1195 for the target of 1.1070.







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