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Major Resistance- 1.1500
EUR/USD was trading higher after a long consolidation and jumped nearly 90 pips. It hits high of 1.1440. The slightly dovish Fed and easing trade tension between US and China is supporting Euro.
The pair is facing strong resistance at 100- day MA and failed to close above that level for past four times. Any daily close above 100-day MA will take the pair to next level 1.15900 (
61.8% fib)/1.16200/1.1700.
On the lower side, near term support is around 1.14080 (55- day EMA) and any break below targets 1.13500/1.1300.
It is good to buy on dips around 1.14000 with SL around 1.1345 for the TP of 1.1500/1.15900.
