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- EUR/USD jumped sharply from the low of 1.1231 made yesterday after Fed stands pat yesterday policy meeting.
- The pair pared its losses and climbed till 1.11923 yesterday. EUR/USD continued its gaining momentum in the Asian session and breaks psychological resistance 1.1200. It is currently trading around 1.12180.
- Euro’s major resistance is around 1.1205 (21- day MA) and break above targets 1.1245/1.12840/1.13660.
- It should break above 1.13660 for further bullishness. On the lower side, any break below 1.1180 will drag the pair down till 1.1150/1.1120.
It is good to buy on dips around 1.1220 with SL around 1.1180 for the TP of 1.1284/1.1360.
