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- EUR/USD has broken major resistance 1.100 and jumped till 1.10423 . It is currently trading around 1.10098. Overall trend is still weak as long as resistance 1.10900 holds.
- The pair has broken major resistance 1.1030 (200 day MA) and slightly declined from that level. It should close above 1.1030 for further bullishness.
- On the lower side major support is around 0.9960 and break below targets 0.9928/0.9900 level.
- Any break above 1.1030 will take the pair to next level 1.1070/1.1090 level.
It is good to sell on rallies around 1.1030 with SL around 1.1090 for the TP of 0.9960/0.9900
