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EUR/USD forms triple top around 1.1250, targets 1.1100

Tuesday, February 9, 2016 8:01 AM UTC

Pattern Formed- Triple top
The pair has formed triple top around 1.1250 and slightly retreating from that level. It is currently trading around 1.11990.
Intraday trend is slightly weak as long as resistance 1.1250 holds. Any break above 1.1250 will take the pair to next level around 1.1280/1.1350 level.
On the lower side major support is around 1.1178 and break below targets 1.1130/1.1100/1.1055.
Overall bullish invalidation only if it closes below 1.1050.

It is good to sell on rallies around 1.1207-1.1210 with SL around 1.1250 for the TP of 1.1130/1.1100

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EUR/USD forms triple top around 1.1250, targets 1.1100

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