EUR/USD Trade Idea

FX:EURUSD   Euro / U.S. Dollar
471 0 2
•RES4:1.15336 (Feb 3rd high)

•RES3: 1.1450 (Feb 19th high)

•RES2: 1.1352 (161.8% retracement of 1.10345 and 1.05192)

•RES 1:1.12477 ( Apr             30th High)

PRICE: 1.1252@ 10:38 GMT            

•SUP4: 1.1180

•SUP3: 1.1177 (Tenken-Sen)

•SUP 2: 1.1092 (20 day 4HMA)

•SUP 3: 1.107 ( Trend line resistance turned into Support)

EUR/USD             has broken major resistance 1.1245 and this confirms short term bullishness, a jump till 1.1530 cannot be ruled out. Intraday trend reversal can happen only below 1.1180.

Any break below 1.1180 will take the pair down till 1.1177/1.090.Overall trend reversal only below 1.107.

It is good to buy around 1.1250 with stop around 1.1180 for the target of 1.1530.

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