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EURUSD breaks minor resistance 1.09050, targets 1.09800

Intraday Trend -Bullish The pair has made a low of 1.08301 yesterday and recovered from that level. It is currently trading around 1.09128. Major resistance -1.0905 (55 day EMA) EUR/USD has broken 1.09050 and jumped till…

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EURUSD breaks minor resistance 1.09050, targets 1.09800
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  • Intraday Trend -Bullish
     
  • The pair has made a low of 1.08301 yesterday and recovered from that level. It is currently trading around 1.09128.
     
  • Major resistance -1.0905 (55 day EMA)
     
  • EUR/USD has broken 1.09050 and jumped till 1.09141. Short term trend is bullish as long as support 1.0830 holds.
     
  • On the higher side any break above 1.09050 will take the pair till 1.09535/1.09800.
     
  • Overall bullishness only above 1.1000.
     
  • The minor support is around 1.08060 and break below targets 1.0830/1.07900.

It is good to buy at dips around 1.0885-890 with SL around 1.0830 for the TP of 1.09500/1.09800

 

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