EUR/USD outlook - Rejection at 5-DMa could prove to be costly
Resistance - 1.1419, 1.1464, 1.15
Support - 1.1368, 1.1340, 1.13
Euro's failure to take out daily 5-SMA amid bearish 5-SMA and 10-SMA crossover could end up in a break below daily low of 1.1368 followed by a drop to 1.1340 levels.
On the higher side, 1.1419 stands as a solid resistance. A violation there would expose 1.1464 levels.
Support - 1.1368, 1.1340, 1.13
Euro's failure to take out daily 5-SMA amid bearish 5-SMA and 10-SMA crossover could end up in a break below daily low of 1.1368 followed by a drop to 1.1340 levels.
On the higher side, 1.1419 stands as a solid resistance. A violation there would expose 1.1464 levels.
