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Add as a preferred source on Google EUR/USD faces strong trend line resistance at 1.11276, break above targets 1.11935/1.12180. EUR/USD has recovered after making a low of 1.10778. It is currently trading around 1.11050. Any break above 1.11276 confirms minor bullishness, a jump till 1.11935/1.12180 is possible. The pair’s major support is around…
By FxWire Pro Mar 15, 2016, 7:04 AM UTC
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EUR/USD has recovered after making a low of 1.10778. It is currently trading around 1.11050.
Any break above 1.11276 confirms minor bullishness, a jump till 1.11935/1.12180 is possible.
The pair’s major support is around 1.1050 (200 day MA) and break below targets 1.1000/1.0920.The minor support is around 1.1075.
Overall bullish invalidation only below 1.10820.
The pair major resistance is around 1.12180 (161.8% retracement of 1.10682 and 1.0825)
It is good to buy above 1.11276 with SL around 1.10750 for the TP of 1.11935/1.1218
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