EUR/USD – bulls need a break above 1.1360

27 apr 2016

Resistance – 1.1342, 1.1360, 1.14

Support – 1.1290, 1.1244, 1.1210-1.12

• Euro’s repeated failure to extend gains above 1.13 seen in last few sessions if followed by a break below 1.1290 today would open doors for a slide to 1.1244.
  

• A trend line support (on 4-hr) is seen around 1.1210-1.12, where a violation would expose 50-DMA at 1.1190.
  

• On the higher side, 1.1360 (falling trend line resistance) needs to be taken out if bulls have to have a greater say in determining the exchange rate.