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 - EconoTimes)
- Major resistance- 1.1140 (trend line joining 1.11860 and 1.11648).
- Major support – 1.10590 (21 day MA).
- EUR/USD jumped till 1.11195 and declined from that level. It is currently trading around 1.10962.
- The pair is facing strong resistance at 1.1140 and any further bullishness only above that level.
- Any violation above 1.1140 will take the pair to next level till 1.11860/1.12280/1.1300 in the short term.
- On the lower side minor support is around 1.10750 and break below targets 1.1060/1.1000.
- Overall bullish invalidation only below 1.09100.
It is good to buy above 1.1140 with SL around 1.1060 for the TP of 1.12280/1.1300
