TipTVFinance

EUR/USD – watch out for rejection at falling trend line resistan

FX:EURUSD   Euro Fx/U.S. Dollar
Hourly Chart pattern – Falling trend line intact

Support – 1.1380, 1.1348, 1.13

Resistance – 1.1440, 1.1465, 1.15

Euro’s failure to take out 1.1440 (falling trend line resistance) followed by a break below 1.1419 could result in a drop to 1.1348 (rising trend line support). Bearish 50-SMA and 100-SMA on hourly chart also adds credence to the bullish view in case prices fail to take out or sustain above 1.1419.

On the higher side, an hourly close above 1.1440 is required to indicate intraday bearish invalidation. On a larger scheme of things, offered tone could run out of steam only above 1.1534 levels.

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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 Billing Sign Out