EUR/USD faces strong trend line support at 1.09700, break below targets 1.0900/1.08350
Major support – 1.0970 (trend line joining 1.09638 and 1.09701). Major resistance- 1.1010 (trend line joining 1.10576 and 1.10242). The pair jumped slightly till 1.0999 after making a low of 1.09740. It is currently trad…
Major support – 1.0970 (trend line joining 1.09638 and 1.09701).
Major resistance- 1.1010 (trend line joining 1.10576 and 1.10242).
The pair jumped slightly till 1.0999 after making a low of 1.09740. It is currently trading around 1.09840.
The intraday trend is bearish as long as resistance 1.1010 holds. Any break above 1.1010 will take the pair to next level till 1.10580/1.10750 in the short term.
On the lower side, any break below 1.09700 will drag the pair down till 1.09100/1.08350.
It is good to sell below 1.09700 with SL around 1.101 for the TP of 1.0900/1.0835