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EUR/USD well supported above $1.13, good to buy on dips

Pair is currently trading at $1.1303 marks. It made intraday high at $1.1333 and low at $1.1292 levels. Intraday bias in EUR/USD remains bullish. A daily close below $1.1050 will turn the bias again downside and next dow…

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EUR/USD well supported above $1.13, good to buy on dips
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Pair is currently trading at $1.1303 marks.

  • It made intraday high at $1.1333 and low at $1.1292 levels.
     
  • Intraday bias in EUR/USD remains bullish.
     
  • A daily close below $1.1050 will turn the bias again downside and next downside target will be $1.0809 levels.
     
  • On the other side, initial resistance level is seen at $1.1362 levels and $1.15 thereafter.
     
  • Today number of economic figures are expecting from the Euro area.
     
  • In data front from US, Country will release retail sales and UoM consume sentiment data later today.

We prefer to take long position in EUR/USD around $1.1300, Stop loss $1.1150 and target $1.15 marks. 

 

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