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

Monday, February 15, 2016 5:48 AM UTC

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

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

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