EUR/USD Trade Idea

• 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