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EUR/USD faces strong resistance around 1.1035, break above targets 1.1100

Major resistance - 1.10350 (trend line joining 1.10682 and 1.10395) Major support - 1.0970 (trend line joining 1.0825 and 1.0940) EUR/USD has made a high of 1.10286 and slightly declined from that level. It is currently …

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EUR/USD faces strong resistance around 1.1035, break above targets 1.1100
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  • Major resistance - 1.10350 (trend line joining 1.10682 and 1.10395)

  • Major support - 1.0970 (trend line joining 1.0825 and 1.0940)

  • EUR/USD has made a high of 1.10286 and slightly declined from that level. It is currently trading around 1.1087.

  • The pair is facing strong resistance around 1.10350 and any further bullishness only above that level. Any break above 1.10350 will take the pair to next level till 1.1070/1.10880/1.1150.

  • On the lower side major support is around 1.0970 and break below targets 1.0940/1.0900.

  • Overall bullish invalidation only below 1.0820.

It is good to buy above 1.10350 with SL around 1.0970 for the TP of 1.1100/1.1150

 

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