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EUR/USD struggles to break trend line resistance, targets 1.0900

EUR/USD has made a high of 1.10299 at the time of writing and started to retreat from that level. Intraday trend is weak as long as resistance 1.1035 holds. On the higher side any break above 1.1035 will take the pair to…

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EUR/USD struggles to break trend line resistance, targets 1.0900
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EUR/USD has made a high of 1.10299 at the time of writing and started to retreat from that level.

  • Intraday trend is weak as long as resistance 1.1035 holds.
     
  • On the higher side any break above 1.1035 will take the pair to next target 1.1070/ 1.1100.
     
  • The pair's minor support is around 1.1000 and break below targets 1.0950/1.0920 in short term.

It is good to sell on rallies around 1.1010-1015 with SL around 1.1035 for the TP of 1.0920/1.0880

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