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EURUSD has pared most of its gain made in the Asian Session. The pair has lost more than 50 pips after hitting high of 1.16472. The positive news on Brexit deal supporting Euro. EU and US expects early results in trade talks to ease trade tensions.
German ZEW Economic sentiment came slightly better than expected. It came at -10.6 from 13.7 in Aug.
On the lower side, near term support is around 1.1530 and any violation below will drag the pair down till 1.1500/1.1465. Any break below 1.1500 confirms further weakness.
The near term resistance is around 1.1600 and any break above targets 1.1660. Any break above 1.1660 confirms further bullishness.
It is good to sell on rallies around 1.1625-28 with SL around 1.1660 for the TP of 1.1500/1.1465.
