EURUSD Trade Idea

• Chart Pattern- Descending triangle pattern
   
• The pair has broken major support 1.0800 which confirms major trend reversal a decline till 1.07250/1.0670/1.0620.
   
• Short term trend is still weak as long as resistance 1.09050 holds.
   
• Any break above 1.0905 will take the pair to next level till 1.0950/1.0980/1.1000.
   
• The minor resistance is around 1.0840 and break above target 1.08860/1.0905.

It is good to sell on rallies around 1.0795-1.0800 with SL around 1.0885 for the TP of 1.0670/1.0620/1.0550

R1-1.0840

 R2-1.0885

R3-1.0905

Support

S1-1.0780

S2- 1.0720

S3-1.0670