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FxWirePro: EUR/USD faces strong support 1.1230, good to buy at dips

Major support - 1.1230 (61.8% retracement of 1.1188 and 1.12970) Major resistance - 1.1300 (200 4H MA) EUR/USD has gained till 1.12987 yesterday after Fed kept its interest rates on hold. The pair is facing psychological…

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FxWirePro: EUR/USD faces strong support 1.1230, good to buy at dips
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  • Major support - 1.1230 (61.8% retracement of 1.1188 and 1.12970)
     
  • Major resistance - 1.1300 (200 4H MA)
     
  • EUR/USD has gained till 1.12987 yesterday after Fed kept its interest rates on hold. The pair is facing psychological resistance at 1.1300 (200 4 H MA) and is struggling to break above that level.
     
  • Any indicative break above 1.1300 confirms that fall from 1.14160 has ended and a jump till 1.1335/1.378/1.140 is possible.
     
  •  On the lower side , below 1.1230 would retest the support at 1.11889 and 1.1150.It should break below 1.1100.

It is good to buy at dips around 1.12650-1.12700 with SL around 1.1230 for the TP of 1.1375/1.1400

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