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FxWirePro: EUR/USD faces strong support around 1.108, good to sell on rallies

EURUSD has made a low of 1.1090 and recovered till 1.1174. It is currently trading at 1.11360.

  • The pair's intraday resistance is around 1.1178 and break above will take the pair to next target at 1.1235/1.1270 in short term.
  • On the lower side major support is around 1.1080 and break below will drag the pair further down till 1.1040/1.1000.
  • The pair's minor support is around 1.1110.

It is good to sell on rallies around 1.1175-80 with SL around 1.1230 for the TP of 1.1090/1.1045.

  • Market Data
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