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FxWirePro: Buy EUR/USD above 1.06650

Tuesday, November 22, 2016 8:37 AM UTC

Major resistance – 1.0665 (trend line joining 1.08167 and 1.07456)
Major support – 1.0580

The pair has declined slightly after jumping till 1.06495 yesterday. It is currently trading around 1.06080.
EUR/USD faces strong trend line resistance at 1.06625 and any violation above will target 1.0750/1.08200.

On the lower side, any break below 1.0580 will drag the pair till 1.05400 (161.8% retracement of 1.0580 and 1.06490)/1.05000 in the short term.

It is good to buy above 1.06650 with SL 1.06000 for the TP of 1.0745/1.08200.

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FxWirePro: Buy EUR/USD above 1.06650

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