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Major resistance -1.13940-1.1410 (300- H EMA and 200- H MA)
ERUUSD has recovered sharply more than 100 pips from low of 1.13065.The pair is facing strong resistance around 1.14100 and any hourly close confirms further bullishness. It is currently trading around 1.14107.
Any break above 1.14107 will take the pair to net minor resistance level 1.1435/1.1475. It should break above 1.14100 for further trend reversal.
On the lower side, 1.1360-65 will be acting as minor support and any violation below targets 1.1300/1.12670.
It is good to buy above 1.1410 with SL around 1.1365 for the TP of 1.1500/1.1550.
