EUR/USD Daily Support And Resistance
Jason Sen | Feb 17, 2017 03:58AM ET
EUR/USD holding above 1.0635/40 now targets resistance at 1.0710/15. We are overbought short term in a bear trend so this should be a selling opportunity with stops above the 100 day moving average at 1.0735. A break higher would be very unexpected...but targets 1.0760/65.
First support at 1.0640/35 should be the most important of the day & therefore failure here signals a return to the negative trend targeting 1.0615/10 & minor support at 1.0595/90. On further losses look for 1.0570/60.
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