FxWirePro: EUR/USD key support at 1.1065, bullish in the short term

• The pair has retreated from yesterday's daily highs 1.1215 levels and trying to break support level at 1.1106, it is expected to continue its bullish momentum further in the short term.

• The pair is trading around 1.1110 levels and it is expected advance towards 1.1150 and 1.1200 levels in the short term.

• To the upside, the strong resistance can be seen at 1.1195(23.6% Retracement level), a break above this level would take the pair towards next resistance level at 1.1250 handle.

• To the downside immediate support can be seen at 1.1106 (50% Retracement level), a break below this level will open the door towards next level at 1.1065 (61.8% Retracement level).

Recommendation: Go long above 1.1090, targets 1.1130, 1. 1180, SL 1.0990

Resistance Levels

R1: 1.1147 (32.8% Retracement level)

R2: 1.1195(23.6% Retracement level)

R3: 1.1240 (June 30th high)

Support Levels

S1: 1.1106 (50% Retracement level)

S2: 1.1065 (61.8% Retracement level)

S3: 1.1022 (Aug 12^th lows)