EUR/USD: Strong Resistance At 1.1305/15
Jason Sen | Apr 18, 2016 02:27AM ET
EUR/USD strong resistance at 1.1305/15 is the most important of the day and holding keeps the pressure on for 1.1289/85 then strong support at 1.1250/40. This could hold the downside today, but longs need stops below 1.1225. A break lower however is a sell signal and targets 1.1195/90 then late March lows at 1.1155/45.
Try shorts at 1.1305/15 with stops above 1.1340. A break above higher sees 1.1315/05 act as good support then to target 1.1370/75 and 1.1390/95.
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