Resistance –1.1376, 1.14, 1.1465
Support – 1.1320, 1.1295, 1.1270
Euro is attempting a break above falling trend line on hourly chart. If confirmed on hourly closing basis, doors would be opened for a cut through 1.1376 and rise towards 1.14 handle.
On the other hand, rejection at trend line if followed by a break below 1.1295 could shift momentum in favor of bears and expose support at 1.1236.
Sharp drop in EUR/JPY cross could make life difficult for EUR/USD bulls.
Support – 1.1320, 1.1295, 1.1270
Euro is attempting a break above falling trend line on hourly chart. If confirmed on hourly closing basis, doors would be opened for a cut through 1.1376 and rise towards 1.14 handle.
On the other hand, rejection at trend line if followed by a break below 1.1295 could shift momentum in favor of bears and expose support at 1.1236.
Sharp drop in EUR/JPY cross could make life difficult for EUR/USD bulls.