FxWirePro: EUR/USD key resistance at 1.1190, bearish in the short term

>EUR /USD after hitting daily lows at 1.1115, has recovered to trade around 1.1159 levels. However, the gains should be limited as the pair faces strong resistance at 1.1190 and it is expected to flatter further towards 1.1100 and 1.1080 levels in the short term, it's good sell this pair below 1.1190 levels.

>To the upside, the strong resistance can be seen at 1.1190, a break above this level would take the pair towards next resistance level at 1.1215.

>To the downside immediate support can be seen at 1.1137 levels, a break below this level will open the door towards next level at 1.1104 (Sep 23rd lows).

Recommendation: Go short below 1.1180, targets 1.1120, 1.1080, SL 1.1250

Resistance Levels

R1: 1.1167 (38.2% Retracement level)

R2: 1.1190 (50% Retracement level)

R3: 1.1215 (61.8% Retracement level)

Support Levels

S1: 1.1137 (23.6% Retracement level)

S2: 1.1115 (Sep 25th lows)

S3: 1.1104 (Sep 23rd lows)