FxWirePro: EUR/USD faces strong resistance around 1.1380, good to sell on rallies

• Major intraday resistance - 1.1320 (7 day EMA)
   
• Major resistance - 1.13766 (61.8% retracement of 1.1464 and 1.12337)
   
• The pair has jumped till 1.13168 yester day and declined from that level. It is currently trading at 1.13006.
   
• On the lower side minor intraday support is around 1.1270 and any violation below that level will drag the pair to next level 1.1230/1.1180 level. Further weakness can be seen below 1.1150.
   
• Break below 1.1150 will take the pair till 1.1050 level.
   
• The pair is facing resistance around 1.1320 level and any violation above this level will reach till 1.13766/1.1400/1.1460level.
   
• Overall bearish invalidation only above 1.1465.

It is good to sell on rallies around 1.1320 with SL around 1.1380 for the TP of 1.1235/1.1180