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EUR/USD takes support near trend line, jump till 1.1240 is possible

  • EUR/USD has declined till 1.11349 and slightly recovered from that level.  It is currently trading at 1.11640.

  • The pair's short term support is around 1.125 (trend line joining 1.1104 and 1.11150) and any break below targets 1.1080/1.1100.

  • The pair's intraday resistance is around 1.11580 and any break above targets 1.1185/1.1240/1.1270.

It is good to buy at dips 1.1148-500 with SL around 1.1110 for the TP of 1.1185/1.1240

 

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