FxWirePro
Long

EUR/USD is facing resistance around 1.1290, good to buy at dips

FX:EURUSD   Euro Fx/U.S. Dollar
647 0 5
•RES4:1.11532 (Feb 3rd high)

•RES3: 1.1427 (161.8% retracement of 1.12889 and 1.1065)

•RES 2: 1.13689 (May 6th high)

•RES 1: 1. 1290             (May 1st high)

PRICE: 1.1230 @ 12:03 GMT            

•SUP 1: 1.1213 (200 day HMA )

•SUP2: 1.1178 (May 8th low)

•SUP 2: 1.1120

•SUP 3: 1.1065 (May 5th high)

Commentary:
EUR/USD             has recovered till 1.2778 and declined form that level. Overall trend is still bullish as long as short term support 1.11780 holds.

Intraday resistance is around 1. 1290             .

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

It is good to buy at dips around 1.1220 with stop around 1.1178 for the target of 1.1290/1.1380.






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