EUR/USD: Topped Exactly At Strong Resistance At 1.1200/10
Jason Sen | May 22, 2017 04:45AM ET
EUR/USD has topped exactly at strong resistance at 1.1200/10. Exit longs and try shorts with stops above 1.1260. A sustained break above 1.1260 however targets 1.1300/10.
Failure to beat strong resistance at 1.1200/10 targets 1.1180/75 and 1.1160/55 but the best support for today should be at 1.1130/20. Although we are likely to correct further this week, we could see a decent bounce from here, but longs need stops below 1.1100.
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