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EURUSD recovers slightly from low of 1.11780 after slight weak US retail sales data. US retail sales declined 0.2% after a massive jump of 1.7% in previous month. The pair jumped till 1.12246 for the intraday and is currently trading around 1.12173.
The near term resistance is around 1.1227 (200- 4H MA) and any break above will drag the pair to next level till 1.12650. Any major bullishness only above 1.12650.
On the lower side, near term support 1.11750 and any break below will target 1.1150/1.1100.
It is good to sell on rallies around 1.1260-65 with SL around 1.1300 for the TP of 1.1150.
