EUR/USD Trade idea

• Major support - 1.0500 (200 day MA)
   
• The pair has retreated after making a high of 1.12442. It is currently trading around 1.1138.
   
• Short term trend is bullish as long as support 1.0500 holds. Any break below 1.0500 will drag the pair down till 1.1000/1.0920. The minor support is at 1.10900.
   
• On the higher side major resistance is around 1.1250 and break above targets 1.1280/1.1350.

It is good to buy at dips around 1.1100 with SL around 1.1050 for the TP of 1.1240/1.1280.

• R1-1.11780
• R2-1.1250
• R3-1.1280

Support

• S1-1.1100
• S2- 1.1050
• S3-1.1000