EUR/USD – losses seen below daily low

FX:EURUSD   Euro Fx/U.S. Dollar
Despite pair’s jump to a high of 1.1119 yesterday the subsequent retreat and a failure to see a daily closing above 200-DMA suggests upticks are likely to be met with offers today.

The spot clocked a high of 1.1096 in Asia largely on account of EUR/JPY             pop ahead of BOJ rate decision.
But once again the bird is losing height and currently hovers around 1.1082. A break below 200-DMA of 1.1075 followed by a move below daily low of 1.1072 would open doors for a drop to 1.1039 (5-DMA) – 1.1030 (10-DMA) levels.

On the higher side, a day end closing above 1.1144 (smaller channel resistance on daily) would add credence to post Fed rebound from 1.0960 levels and shall open doors for a test of stiff resistance zone of 1.1180-1.12.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out