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- EUR/USD has declined sharply after a slight jump till 1.1205 due to softer than expected US NFP data. The pair breaks below the major trend line support and declined slightly from that level.
- Any close below 1.1100 will drag the pair down till 1.1045/1.100.
- The trend line joining May, Aug and Sep high comes around 1.1250 and any short term bullishness can be seen above that level.
- Any break above trend line resistance will take the pair to next level till 1.1300/1.13660 in the short term.
- On the lower side, any break below 1.11000 (trend line joining 1.0510 and 1.09115) will drag the pair to lower level till 1.1000/1.0950/1.0910 in the short term.
It is good to sell on rallies around 1.1150 with SL around 1.1210 for the TP of 1.1045/1.1000
