EUR/USD Trade Idea

EUR/USD has made a high of 1.08290 on Thursday and retreated from that level. It is currently trading around 1.07287.

• Overall trend is still weak as long as resistance 1.0830 holds.
   
• The pair's major support is around 1.0660 and break below targets 1.0600
   
• On the higher side major resistance is around 1.0830 and any break above targets 1.0900/1. pair's overall bullishness only above 1.0900.
   
• The minor resistance is around 1.0770 and break above targets 1.0800/1.08280.

It is good to sell on rallies around 1.0770 with SL around 1.0830 for the TP of 1.0660/1.0600.

Resistance

R1-1.0770

R2-1.0830

R3- 1.0900

Support

S1- 1.0660

S2-1.0600

S3-1.0540