EUR/USD: bullish break, but stuck at hourly 100-MA

Hourly chart

EURUSD H1 (03-03-2016 1744).png

  • EUR/USD has witnessed a bullish break; which by itself presents an upside target of 1.0920-1.0930.
  • The pair remains bid but is having a tough time taking out the hourly 100-MA at 1.0885.
  • If it does take out, pair could rise to 1.0920

Key Resistance levels

  • 1.0920
  • 1.0933 (100-DMA)
  • 1.0940 (61.8% Mar low-Aug high)

Its quite clear the pair is going have a even more tough time taking out offers in the resistance zone of 1.0920-1.0940

Key Support levels

  • 1.0868 (channel support)
  • 1.0853
  • 1.0845
  • 1.0815-1.0817



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s