FxWirePro: EUR/USD Trade Idea

• Potential Reversal Zone (PRZ) - 1.06600 (trend line joining 1.1299 and 1.08288)
   
• EURUSD got a renewed selling pressure at higher levels around 1.06400. The pair has once again broken the 1.06000 handle. It is currently trading around 1.05769.
   
• The pair’s further jump will happen only above 1.06600 level.  Any break above 1.06600 will take the pair till 1.07200/1.07450 level.
   
• On the lower side, major support is around 1.04900 short term low formed at Feb 22nd 2017. Any break below confirms further bearish continuation and any break below targets 1.04500/1.03400. The minor support is around 1.05800/1.05200.
  
  It is good to sell on rallies around 1.06050-1.0610 with SL around 1.0650 for the TP of 1.0520/1.04960

Resistance                                                                  R1- 1.0660                          

R2 -1.07200

R3- 1.07450

Support                   

S1-1.05200             

S2-1.0490

S3- 1.04500