EUR/USD Breaks Major Support 1.13700, Targets 1.1280/1.1200

EUR/USD Breaks Major Support 1.13700, Targets 1.1280/1.1200

5 April 2016, 10:46
Roberto Jacobs
0
15

EUR/USD Breaks Major Support 1.13700, Targets 1.1280/1.1200

  • Major support - 1.13700 
  • Major intraday resistance - 1.14050 
  • The pair has retreated after making a high of 1.1405 yesterday. It is currently trading around 1.13640. 
  • Intraday trend is still weak as long as resistance 1.1405 holds. Any break above 1.1405 will take the pair to next level 1.14380. Short term trend reversal only above 1.1380. 
  • On the lower side any break below 1.1320 will drag the pair down till 1.1280/1.1200.

It is good to sell on rallies around 1.1355-1.1360 with SL around 1.1405 for the TP of 1.1278/1.1200

The material has been provided by InstaForex Company - www.instaforex.com

Share it with friends: