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- Major resistance- 1.12630 (50% retracement of 1.16163 and 1.09115).
- Major support – 1.1200 (100- day MA).
- EUR/USD has slightly retreated after making a high of 1.12650. It is currently trading around 1.12475.
- The pair is facing strong resistance around 1.12630 and any further bullishness only above that level. Any break above 1.12630 will take the pair to next level till 1.1300/1.13660.
- On the lower side, any violation below 1.1200 will drag the pair till 1.11400/1.1120.
- Short term weakness only below 1.1045.
It is good to buy above 1.1260 with SL around 1.1200 for the TP of 1.1300/1.13660
