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EUR/USD takes support near major trend line , targets 1.1200

Friday, October 23, 2015 4:22 AM UTC

EUR/USD has made a low of 1.10718 and slightly recovered fro m that level. The pair's major support is around 1.1070 (trend line joining 1.105192 and 1.10840) and any break below targets 1.1035/1.1000. Further weakness can be seen only below 1.1060.

On the higher major resistance is around 1.11460 and any break above will take the pair till 1.11780/1.1200 level.

It is good to buy at dips around 1.1095-1.1100 with SL around 1.1060 for the TP of 1.1178/1.1200

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EUR/USD takes support near major trend line , targets 1.1200

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