- RES 4: 1.12500 (61.8% retracement of 1.14350 and 1.0952)
- RES 3: 1.1180 (support turned into resistance)
- RES 2: 1.1164 (55 day 4 H EMA)
- RES1 : 1.1106 (20 day 4 HMA)
PRICE: 1.10885 @ 12:23 GMT
- SUP 1: 1.1100
- SUP 2 :1.10720 (61.8% retracement of 1.09527 and 1.12769)
- SUP 3: 1.1042 (Jun 5th low)
- SUP 4: 1.1000
Commentary:
EUR/USD is trading within narrow channel ahead of Greece referendum which is to held on Jul 5th and it should break 1.0650 for further weakness. On the higher side minor resistance is around 1.11200 and break above will target 1.1178/1.1235.
On the downside minor support is around 1.1065 and break below will drag the pair till 1.103/1.0950.
It is good to buy at dips around 1.10920-95 with SL around 1.1060 for the TP of 1.1178/1.1234.
The material has been provided by InstaForex Company – www.instaforex.com