EURUSD

EURUSD

The Euro attempts again at strong 1.1080/1.1100 resistance zone (hourly lower platform / 200SMA / Fibo 38.2% of 1.1425/1.0909 fall) on fresh acceleration higher after yesterday’s long-legged daily candle signaled indecision.
Hourly studies are gaining bullish momentum, which may result in further recovery extension. Daily close above 200SMA is needed to sideline downside threats for stronger correction which will expose 1.1178/87 breakpoint zone (hourly double-top / recovery rejection).
Otherwise, while the price holds below 1.1100 barrier, overall bears would look for fresh leg lower, with initial support at 1.1000 (psychological support), followed by 1.0970 (yesterday’s low) and key 1.0909 support (last Friday’s low of sharp fall from 1.1425), loss of which would spark further significant losses.

Res: 1.1082; 1.1098; 1.1187; 1.1228
Sup: 1.1000; 1.0970; 1.0909; 1.0820

eurusd-2806, Daily Market Outlook