FxWirePro
Short

EUR/USD Short Term Outlook

FX:EURUSD   Euro Fx/U.S. Dollar
643 1 4
•RES 4: 1.0935 (61.8% retracement of 1.105 and 1.0520)

• RES 3: 1.0847 (Apr 17th high)

• RES 2: 1.0775 (61.8% retracement of 1.0847 and 1.0658)

•RES 1: 1.0722 (20 day HMA)

PRICE: 1.0715 @ 12:31 GMT

•SUP 1: 1.0678 (200 day HMA)

•SUP 2: 1.0640 (61.8% retracement of 1.0520 and 1.0847)

•SUP 3: 1.0580(15th Apr low)

•SUP 4:1.0460 (Mar 13th low)

Commentary:

EUR/USD             has retreated after making a high of 1.0847. Intraday trend is bearish as long as resistance 1.0780 holds.
On the upside minor resistance is around 1.0722 and break above would extend gains till 1.0780/1.0850. Sell around 1.0720 with stop around 1.0780 with target of 1.0600/1.0530.
prompik
2 years ago
Really?
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