FxWirePro :EUR/USD consolidates within narrow range, good to sell on rallies

• RES 4: 1.1285 (Cloud bottom)

• RES 3: 1.12500 (61.8% retracement of 1.14350 and 1.0952)

• RES 2: 1.1180 (support turned into resistance)

• RES1 : 1.1148 (20 day 4 HMA)

  PRICE: 1.1101 @ 11:49 GMT 

• SUP 1: 1.1100
  
  
• SUP 2 :1.10720 (61.8% retracement of 1.09527 and 1.12769)
  
  
• SUP 3: 1.1042 (Jun 5^th low)
  
  
• SUP 4: 1.1000

  Commentary:

EUR/USD has recovered till 1.12429 after making an low of 1.11330 in European session yesterday.

The major resistance is around 1.1250 (61.8% retracement of 1.14350 and 1.09527) and further bullishness can be seen above that level. Above that level it can reach till 1.1290/1.1330 in short term.

On the downside minor support is around 1.1100 and any break below will drag the apir further down till 1.1055/1.1000.

The pair's further downside can be seen only below 1.0950 (Jun 28^th low) and any indicative break below will take the pair further down till 1.0800 level.

It is good to sell on rallies around 1.11780-820 with SL around 1.1255 for the TP of 1.1055/1.100.