EUR/USD breaks major resistance 1.1465, targets 1.1600
Major resistance- 1.14650 (Apr 12th 2016)
Major Support – 1.1370
Euro has broken major resistance 1.14650 and jumped till 1.14811 at the time writing. It is currently trading around 1.14670.
Short term trend is slightly bullish as long as support 1.1370 holds.
On the lower side any break below 1.1370 will drag the pair down till 1.1335/1.1300.
Any break above 1.1465 confirms major trend reversal, a jump till 1.1500/1.1545/1.1600 is possible.
Short term weakness only below 1.1270 (low formed after Fed meeting).
It is good to buy at dips around 1.1435-1.14400 with SL around 1.1370 for the TP of 1.1545/1.1600
Major Support – 1.1370
Euro has broken major resistance 1.14650 and jumped till 1.14811 at the time writing. It is currently trading around 1.14670.
Short term trend is slightly bullish as long as support 1.1370 holds.
On the lower side any break below 1.1370 will drag the pair down till 1.1335/1.1300.
Any break above 1.1465 confirms major trend reversal, a jump till 1.1500/1.1545/1.1600 is possible.
Short term weakness only below 1.1270 (low formed after Fed meeting).
It is good to buy at dips around 1.1435-1.14400 with SL around 1.1370 for the TP of 1.1545/1.1600