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EURUSD Trade Idea

EUR/USD has decline till 1.1086 after making a high of 1.13310 (Sep 1st high). It has taken support around 200 day 4 HMA and a jump till 1.1180/1.1208 is possible . Intraday weakness only below 1.1100 and break below wil…

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EURUSD Trade Idea
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  • EUR/USD has decline till 1.1086 after making a high of 1.13310 (Sep 1st high). It has taken support around 200 day 4 HMA and a jump till 1.1180/1.1208 is possible .

  • Intraday weakness only below 1.1100 and break below will drag the pair till 1.1045/1.1000.

  • On the higher side minor resistance is around 1.1147 and break above would extend gains till 1.1178/1.1200

It is good to buy at dips around 1.1125-30 with SL around 1.1095 for the TP of 1.1178/1.1208

Resistance

R1- 1.1178

R2-1.1208

R3- 1.1260

Support

S1-1.1100

S2-1.1045

S3-1.100

 

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