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EUR/USD Trade Idea

Minor resistance - 1.0880 (trend line joining 1.09147 and 1.0971) The pair has broken minor trend line resistance 1.0880 and jumped till 1.09062 at the time of writing. It is trading around 1.09017. Break above 1.0880 wi…

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EUR/USD Trade Idea
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  • Minor resistance - 1.0880 (trend line joining 1.09147 and 1.0971)

  • The pair has broken minor trend line resistance 1.0880 and jumped till 1.09062 at the time of writing. It is trading around 1.09017.

  • Break above 1.0880 will take the pair to next level around  1.09490/1.09800 in short term.

  • Overall bearish invalidation only above 1.1000.

  • On the lower side minor support is around 1.0860 (200 day HMA) and break below targets 1.08200/1.07800.

It is good to buy at dips around 1.08950 with SL around 1.0860 for the TP of 1.09480/1.09800/1.100

R1-1.0949

 R2-1.09800

R3-1.100

Support

S1-1.0860

S2-1.0820

S3- 1.07800

 

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