Major Resistance level at 1.1045-1.1046. At these points EUR/USD failed to make a breakout and fell below this Resistance with increase in Volume, making this area significant.
Another key points:
- Price above SMA100 and SMA200. - RSI in uptrend line above 50 and below its SMA12. - Price far above the significant Support at 1.062.
here is what i will be looking at from a MTA perspective on it
Tbrady12
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Good morning . I saw that too , and I've been shorting this pair for awhile now was looking to get back in on the short side around this area . what I was concerned about was it closed above the SMA200 .
Varonos
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@Tbrady12, It is a good chance short EUR/USD with a stop loss order at 1.11 because if it breaks out the Resistance zone at 1.05-1.08 then there is a significant chance to see a bullish momentum.