- EUR/USD has minor support 1.0600 and declined till 1.05770. Short term trend is weak as long as resistance 1.0640 (34 4H EMA) holds.
- On the higher side minor resistance is around 1.0606 and 1.0626.
- The pair’s major support is around 1.0560 and break below targets 1.05000.
- Overall bearish invalidation only above 1.06850 (trend line resistance joining 1.0829 and 1.07629).
It is good to sell on rallies around 1. 0580-85 with SL around 1.06380 for the 1.0500/1.0460
The material has been provided by InstaForex Company – www.instaforex.com