EUR/USD Short term outlook

FX:EURUSD   Euro / U.S. Dollar
538 1 3
•RES 4: 1.0825 (200 day 4HMA)

•RES 3: 1.0783 (Cloud top)

• RES 2: 1.0720 (55 day 4H EMA )

• RES 1: 1.0647 (20 day 4HMA)

PRICE: 1.05780 @ 11:37 GMT            

•SUP 1: 1.0550 (Mar 17th low)

•SUP 2: 1.04610 (Mar 13th low)

•SUP 3: 1.0393 ( 61.8% retracement of 1.1523 to 1.04613 from 1.10509)

•SUP 4:1.0300


EUR/USD             has broken major support 1.06120 and decline till year low cannot be ruled out.

On the upside minor resistance is around 1.0650 and break above would extend gains till 1.0720/1.0785. Sell around 1.0650 stop around 1.0720 with target of 1.0460.

No .. Its long trand
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