- EUR/USD has recovered till 1.08295 at the time of writing after making a low of 1.0710. It is currently trading around 1.08087.
- Short term trend is still bearish as long as resistance 1.08550 holds. Any break above 1.08550 will take the pair to 1.08850/1.0905.
- On the lower side support is around 1.0800 and any break below will drag the pair down till 1.0740/1.0700 level.
- Overall bearish invalidation only above 1.1000 level.
It is good to sell on rallies around 1.0800-0805 with SL around 1.0860 for the TP of 1.0710/1.0670
