FxWirePro
Long

EUR/USD breaks major resistance 1.1470, targets 1.1640/1.1780

FX:EURUSD   Euro Fx/U.S. Dollar
801 1 14
As per our analysis EUR/USD             has reached previous high 1.14656 after breaking of major resistance 1.12180. It has broken major resistance 1.1470 in Asian session , a jump till 1.1640/1.1780 is possible.

Bullish invalidation only below 1.1380 level and any break below 1.1380 will drag the pair further down till 1.13450/1.1330 in short term.

Minor supports is around 1.1430/1. 1400             .

The pair's resistance are at 1.1530/1.1600/1.1640

It is good to buy at dips around 1.1475-80 with SL around 1. 1400             for the TP of 1.1640/1.1780
Josphat89
a year ago
I really thought 1.1470 would hold. Anyway, i think a reversal will come soon
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