- Major support – 1.1144 (200- day MA).
- Major resistance - 1.1203 (100- day MA).
- EUR/USD has taken support near 200- day MA and slightly jumped from that level. It is currently trading around 1.11627.
- In the daily chart, the pair is trading well below Tenkan-Sen and Kijun-Sen. So a slight bullishness can be seen only above 1.1245 (daily Kijun-Sen).
- On the lower side, any break below 1.1144 will drag the pair till 1.1100/1.1045.
- The major resistance is around 1.1203 (200-day MA) and any break above targets 1.1250/1.12840 (Sep 15th 2016 high).
- Short term trend reversal only above 1.1366.
It is good to sell on rallies around 1.1180-85 with SL around 1.1205 for the TP of 1.145/1.1100
Resistance
R1- 1.1205
R2-1.1245
R3-1.12840
Support
S1-1.1144
S2-1.1100
S3-1.1045
