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- Minor intraday resistance- 1.2930 (trend line joining 1.12973 and 1.12963).
- Time frame- 15 min.
- Moving average -55 EMA -1.1289.
- EUR/USD has recovered from the low of 1.12712 made on yesterday. It is currently trading around 1.12937.
- In 15 min chart the pair is trading above 55- 15 min EMA and also broken trend line resistance. It is good to go long for very short term target of 1.13663.
- The minor weakness can be seen below 1.12700 and any violation below 1.12700 will drag the pair till 1.1245/1.1228 (100 day MA)/1.11750.
- On the higher side, strength can be seen only above 1.1370 level.
It is good to buy on dips around 1.1300 with SL around 1.1270 for the TP of 1.13660/1.1380
