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- EUR/USD has declined after making a high of 1.11011. It is currently trading around 1.08426.
- The pair recovered till 1.0878 at the time of writing and started to decline from that level. Intraday trend is still weak as long resistance 1.0920 holds.
- Any break above 1.0920 will take the pair to 1.0960/1.1100 level.
- On the downside major support is around 1.0780 and break below targets 1.0720/1. minor support is around 1.0830/1.0790.
It is good to sell on rallies around 1.0870 with SL around 1.0920 for the TP of 1.08
