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FxWirePro: EUR/USD faces major support at 1.1250, good to buy at dips

The pair has retreated after making a high of 1.1356 at the time of writing. It is currently trading around 1.13190. Short term trend is bullish as long as support 1.1250 holds. On the lower side major support is around …

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FxWirePro: EUR/USD faces major support at 1.1250, good to buy at dips
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The pair has retreated after making a high of 1.1356 at the time of writing. It is currently trading around 1.13190.

  • Short term trend is bullish as long as support 1.1250 holds.
     
  • On the lower side major support is around 1.1250 and break below targets 1.1180/1.1100/1.1050 level.
     
  • The pair's further bullishness can be seen only above 1.1350 and break above targets 1.1385/1.1430.

It is good to buy at dips around 1.1285-90 with SL around 1.1245 for the TP of 1.1350/1.1385.

 

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