EUR/USD FOREX TRADING TIPS FOR INTRADAY TRADING

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The EUR/USD pair clings onto a fresh stretch of gains seen in the Asian session this Wednesday, and now awaits fresh impetus for the next leg higher, as holiday-thinned trading continues to dominate markets.

In terms of technicals, the pair finds the immediate resistance 1.0486 (daily R2). A break beyond the last, doors will open for a test of 1.0500 (round figure) and from there to 1.0500 (round figure). On the flip side, the immediate support is placed at 1.0459 (5-DMA) below which 1.0439 (10-DMA) and 1.0414 (daily S2) could be tested.

Currently, EUR/USD exchange rate is 1.0476.

Our Recommendation:

It is recommended top buy as the pair is moving up in Forex Market.

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