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FxWirePro: EUR/USD recovers after making a low of 1.1395, good to sell on rallies

  • EURUSD has made a low of 1.1395 and recovered till 1.15598 level. Overall trend is till weak as long as resistance 1.1580 holds.
  • It has formed a temporary top around 1.1712 and any further bullishness only above that level. Break above 1.1712 targets 1.1800.
  • The pair'minor resistance is around 1.1580 break above 1.1580 would extend gains till 1.1620/1.1700.

It is good to sell on rallies around 1.1525-30 with SL around 1.1580 for the TP  of 1.1400/1.1360

 

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