EUR/USD faces strong resistance around 1.12620, break above targets 1.1375/1.1435

• Major resistance - 1.12620 (trend line joining 1.13760 and 1.13248)
  
  
• Major support - 1.1178 (55 day 4H EMA)
  
  
• The pair has retreated after making a high of 1.1335 on Friday . It is currently trading around 1.12157.
  
  
• On the downside any break below major support is around 1.1178 and break below targets 1.1130/1. minor support is around 1.1200.
  
  
• Overall bullish invalidation only below 1.1050.
  
  
• Any break above trend line resistance 1.12620 will take the pair till 1.1335/1.1375/1.1430

Buy above breakout 1.12625 with SL around 1.1200 for the TP of 1.1375/1.1435