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FxWirePro: EUR/USD faces strong resistance around 1.1250, good to sell on rallies

  • EUR/USD is trading in narrow range around 1.1245 and 1.11526 for the past two trading session .

  • Overall trend is still weak as long as resistance 1.1250 holds. Any break above 1.1250 will take the pair to next target 1.1280/1.1330.

  • On the downside major support is around 1.11500 and decline till 1.1085/1.1035 is possible if it breaks below that level.

  • The minor support is around 1.11780.

It is good to sell on rallies around 1.1215 with SL around 1.1255 for the TP of 1.11200/1.1085

 

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