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EUR/USD Trade idea

  • Major support - 1.09800
     
  • Minor resistance - 1.10350
     
  • The pair has broken major support around 1.09800 and declined till 1.09780. It is currently trading around 1.09791.
     
  • Short term trend is weak as long as resistance 1.10350 holds.
     
  • Any break above 1.10350 will take the pair till 1.1055/1.1088 in short term.
     
  •  On the lower side any break below 1.0980 will drag the pair till 1.0920/1.0890/1.0835.

Sell EUR/USD around 1.09810-1.09825 with SL around 1.10350 for the TP of  1.08950/1.0835

R1-1.10350

 R2-1.1055

R3-1.1088

Support

S1-1.0980

S2- 1.0920

S3-1.09835

 

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