FxWirePro: EUR/USD Trade idea

• Major resistance- 1.06800 (55- day EMA)
   
• Major support – 1.05200
   
• EUR/USD recovers sharply after making a low of 1.05214 yesterday. It is currently trading around 1.06445.
   
• On the higher side 1.0659 -1.06710 (21- day EMA and 55- day EMA) will be acting as major near term resistance and any break above confirms minor trend reversal in the short term. Any break above targets 1.0745/1.0800 level. Short term bearish invalidation only above 1.08735. The minor resistance is around 1.06300 (7- day EMA).
   
• The next immediate support is around 1.05800 and any break below will drag the 1.05200/1.04500.
  
  It is good to buy on dips around 1.0600 with SL around 1.05200 for the TP of 1.0700/1.0745/1.0800

Resistance                                                                                

R1-1.06700                        

R2 -1.0745

R3- 1.0800

Support                   

S1-1.05800

S2-1.05200

S3- 1.04500