EUR/USD is trading in narrow range between 1.22731 and 1.24118 for the past four trading session. The pair hits low of 1.23472 yesterday. It is currently trading around 1.23580. Market eyes major data such as Philly Fed …
EUR/USD is trading in narrow range between 1.22731 and 1.24118 for the past four trading session. The pair hits low of 1.23472 yesterday. It is currently trading around 1.23580.
Market eyes major data such as Philly Fed and Empire state manufacturing index which is to be released today for further direction.
The pair is facing near term resistance of 1.24000 and break above will take the pair till 1.2435/1.2500. Bullish continuation can be seen above 1.2550.
On the lower side, near term support is around 1.2345 and any violation below will drag the pair to next level till 1.2300/1.2270/1.2200/1.2165.
It is good to buy on dips around 1.2345-50 with SL around 1.2300 for the TP of 1.2435/1.2480.
