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- EUR/USD is trading in narrow range between 1.22731 and 1.24118 for the past four trading session. The pair hits low of 1.23472 yesterday. It is currently trading around 1.23580.
- Market eyes major data such as Philly Fed and Empire state manufacturing index which is to be released today for further direction.
- The pair is facing near term resistance of 1.24000 and break above will take the pair till 1.2435/1.2500. Bullish continuation can be seen above 1.2550.
- On the lower side, near term support is around 1.2345 and any violation below will drag the pair to next level till 1.2300/1.2270/1.2200/1.2165.
It is good to buy on dips around 1.2345-50 with SL around 1.2300 for the TP of 1.2435/1.2480.
