EUR/USD Trade Idea

• Major Resistance – 1.1280 (trend line joining 1.16163 and 1.13660).
            
• EUR/USD jumped till 1.12792 and started to retreat from that level. It is currently trading around 1.12448.
   
• The pair is facing strong resistance around 1.1280 (trend line joining 1.16163 and 1.13660)and any slight bullishness can be seen only above that level.
   
•  On the lower side, support stands at 1.1194 (55- day EMA)/1.1149 (200- day MA)/1.1120 (Sep 21st low).
   
• Short term weakness below 1.1120 level.
   
• The major resistance is around 1.12930 (trend line joining 1.16163 and 1.13663) and a break above targets 1.13660.The minor resistance is around 1.1245 (daily Kijun-Sen).

It is good to buy at dips around 1.1195 with SL around 1.1145 for the TP of 1.1290/1.1360

Resistance 

R1-1.1280

 R2-1.13600

 R3-1.1435

Support    

S1-1.1240

S2-1.1190

S3-1.1147