- EUR/USD declined sharply after hitting high at 1.14454 on Jun 29th 2017. The pair has made a low of 1.13364. It is currently trading around 1.13582.
- The pair has taken support near 7- day MA and any break below will drag the pair till 1.1290/1.1275 (10- day MA). The pair should break below 21- EMA at 1.1250 for further weakness.
- Intraday trend is still bullish as long as support 1.1290 holds.
- On the higher side, major resistance is around 1.1450 and any break above will take the pair till 1.1500/1.1545.
- Short term bearish invalidation only below 1.1100.
It is good to buy on dips around 1.1330 with SL around 1.1285 for the TP of 1.1440.
