FxWirePro: EUR/USD faces strong resistance at 1.12650, good to sell on rallies 12 September 2016, 14:06 •Major suppor

12 September 2016, 22:38
Eko Rediantoro
0
3

  • Major support- 1.118 (90- day EMA).
     
  • Major resistance – 1.12650.
     
  • EUR/USD has declined sharply after making a 1.12637 at the time of writing. It is currently trading around 1.2232.
     
  • On the higher side, any break above 1.12650 will take the pair till 1.1300/1.13270/1.1360.
     
  • The major support is around 1.1180 (55- day EMA) and any break below targets 1.1137 (200- day MA)/1.1100.
     
  • Overall trend reversal is only above 1.1360.

It is good to sell on rallies around 1.1275-1.280 with SL around 1.1360 for the TP of 1.1138/1.1045


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