- The EUR/USD pair declined towards lower levels in the US session, as the pair found selling interest around 1.1444 levels after the release of mixed US employment data.
- Any upside is expected to be limited as the resistance level at 1.1462 is set to hold the bulls from advancing further and bring decline towards lower side.
- To the upside, the strong resistance can be seen at 1.1462, a break above will take the pair towards next resistance level at 1.1500.
- To the downside immediate support can be seen at 1.1370 levels, a break below will open gates towards 1.1310 levels.
Resistance Levels
R1: 1.1415 (50% Retracement level)
R2: 1.1462 (61.8% Retracement level)
R3: 1.1500 (Psychological levels)
Support Levels
S1: 1.1370 (38.2% Retracement level)
S2: 1.1310 (23.6% Retracement level)
S3: 1.1270 (April 27th lows)
The material has been provided by InstaForex Company – www.instaforex.com