FxWirePro: EUR/USD faces resistance 1.618% extension, good to sell on rallies

• Major resistance – 1.13200 (161.8% retracement of 1.1280 and 1.10578)
   
• The pair has made a high of 1.12963 and slightly decline from that level. It is currently trading around 1.12870.
   
• Intraday trend is slightly weak as long as resistance 1.1350 (trend line joining 1.1495 and 1.1376) holds.
   
• Any break above 1.1340 will take the pair to next level till 1.1380/1.14375.
   
• Short term trend reversal only above 1.1380.

It is good to sell on rallies around 1.1320 with SL around 1.1350 for the TP of 1.1200/1.1155