• Major resistance- 1.12630 (50% retracement of 1.16163 and 1.09115).
   
• Major support – 1.1209 (100- day MA).
   
• Major resistance - 1.13660 (Aug 18th high).
   
• Major support - 1.1229 (21- day MA).
   
• EUR/USD has declined sharply till 1.1240 from the high of 1.13240 yesterday after ECB kept its interest rates unchanged.
   
• The European Central Bank has kept its $1.9 trillion stimulus unchanged at policy meeting as deflation closes in.
   
• The pair is facing strong resistance at 1.13660 and any break above 1.13660 will take the pair to next level till 1.1400/1.14350.
   
• On the lower side, any violation below 1.1220 will drag the pair till 1.1200 (100-day MA)/1.11400.
   
• Short term weakness only below 1.1045.
  
  It is good to sell on rallies around 1.1300  with SL around 1.13660 for the TP of 1.1200/1.1140