FxWirePro: EUR/USD key support at 1.1155, buy deals are recommended above 1.1170
EUR /USD pair slipped to lower levels in early European session after sellers stepped in, however, the pair has hit minor resistance at 1.1174 and the pair is attempting to rebound towards higher levels. The resistance l…
EUR /USD pair slipped to lower levels in early European session after sellers stepped in, however, the pair has hit minor resistance at 1.1174 and the pair is attempting to rebound towards higher levels. The resistance level at 1.1155 levels is set to hold the bears from falling further, and bring a rebound towards higher levels, therefore it's good to go long above 1.1170 levels.
To the upside, the strong resistance can be seen at 1.1226 (38.2% Retracement level), a break above this level would take the pair towards next resistance level at 1.1285 (Sep 30st high).
To the downside immediate support can be seen at 1.1190 levels, a break below this level will open the door towards next level at 1.1155. Recommendation: Go long above 1.1170, targets 1.1220, 1.11270, SL 1.1120
