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EUR/USD sees strong support at 1.13500, break below targets 1.1260

EUR/USD has recovered till 1.14189 after making a low of 1.13589. It is currently trading at 1.13700. The pair's major trend line support is around 1.13500 and any major weakness can be seen below that level. Any break b…

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EUR/USD sees strong support at 1.13500, break below targets 1.1260
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  • EUR/USD has recovered till 1.14189 after making a low of 1.13589. It is currently trading at 1.13700.

  • The pair's major trend line support is around 1.13500 and any major weakness can be seen below that level.

  • Any break below 1.13500 will drag the pair till 1.1300/1.1260/1.1200 level in short term.

  • Short term bullishness can be seen only above 1.14365 and break above targets 1.1460/1.1500.

  • Overall bearish invalidation only above 1.1500.

It is good to sell only below 1.13500 with SL around 1.1400 for the TP of 1.1260/1.1200.

 

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