EUR/USD - Rising trend line intact

FX:EURUSD   Euro / U.S. Dollar
Resistance – 1.1196, 1.1236, 1.1267

Support – 1.1154, 1.1127, 1.11 

  • Euro’s failure to sustain above 1.1196 (38.2% of Dec low-May high) if followed by a break below 1.1154 (daily low) would open doors for a test of rising trend line support at 1.1127 (trend lien drawn from Dec low-Mar 2 low).
  • Break below 1.1127 could yield 1.1100 (daily 200-MA).
  • On the higher side, a clear break above 1.1192 could exposed resistance at 1.1236. A day end closing above same could signal bearish invalidation.

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