FxWirePro: EUR/USD Trade idea

• EUR/USD hits fresh six – month high of 1.1284 on Friday on account of weaker than expected U.S Nonfarm payroll.  U.S economy has added 138K in May compared to forecast of 174K and unemployment rate at 16- year low at 4.3%.
   
• The pair is still bullish as long as minor support 1.1197 (daily Tenkan-Sen) holds. Any break below will drag the pair down till 1.1160/1.1100 (May 30th low). Market awaits U.S ISM Non-manufacturing data to be released for the further direction.
   
• The near term major resistance is around 1.1300 and any break above will take the pair till 1.13660/1.14300.
   
• Short term bullish invalidation only below 1.05695.

It is good to buy on dips around 1.1240 with SL 1.1180 for the TP of 1.1300/1.13600.

Resistance
                   

R1-1.1300
                               

R2 -1.13660
 

R3- 1.1430
 

Support   
 

S1-1.1180
 

S2-1.1100

S3-1.1050