EUR/USD - Trend line resistance & Gartley

20 giu 2016

Resistance - 1.1360, 1.1415, 1.1460

Support - 1.1342, 1.1296, 1.1232

• Euro is having a tough time taking out confluence of resistance around 1.136 (falling trend line + rising trend line).
  

• If accepted above the same on a day end closing basis, the pair could rally to 1.1505 (Leg D of Gartley and also the potential reversal zone) in the next few days.
  

• On the other hand, repeated failure to take out falling trend line hurdle could signal a fresh drop to 1.11 handle.