FX:EURUSD   Euro Fx/U.S. Dollar
Resistance – 1.1196, 1.1236, 1.1275

Support – 1.1125, 1.1102, 1.1060

  • Pair’s sharp retreat yesterday put an end to a three-day long consolidation seen between two key Fibos – 1.1236 & 1.1196 levels.
  • The bearish break indicates the pair is likely to test the rising trend line support at 1.1125 levels, under which daily 200-MA at 1.1102 could be put to test.
  • Traders should watch out for a rebound from 1.1102 followed by a rebound above 1.1125 could signal short-term reversal in the pair.
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