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EUR/USD faces strong resistance at 1.12350, break above targets 1.1325

Minor Trend Line resistance- 1.12200 (Trend line joining 1.13484 and 1.12924) Major intraday resistance – 1.12350 (55 day HMA) EUR/USD ahs broken minor trend Line resistance 1.12200 and jumped till 1.12276. It is current…

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EUR/USD faces strong resistance at 1.12350, break above targets 1.1325
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  • Minor Trend Line resistance- 1.12200 (Trend line joining 1.13484 and 1.12924)
     
  • Major intraday resistance – 1.12350 (55 day HMA)    
           
  • EUR/USD ahs broken minor trend Line resistance 1.12200 and jumped till 1.12276. It is currently trading around 1.12141.
     
  • Major resistance is around 1.1235 (55 day H EMA) and break above confirms minor bullishness, a jump till 1.12850/1.13250 is possible.
     
  • On the lower side major support is around 1.11900 and any break below targets 1.11500/1.1100.

It is good to buy above 1.12350 with SL around 1.1190 for the  TP of 1.1285/1.13250

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