FxWirePro: EUR/USD recovers slightly from low of 1.1865, US CPI in focus

• EUR/USD has declined sharply till 1.18658 and shown a minor recovery from that level. The pair recovered till 1.19097 for the intraday. It has formed a temporary top around 1.20920 33- month high on Aug 8th 2017 and bullish continuation can be seen only above that level. It is currently trading around 1.19006.
   
• The pair upside capped by psychological resistance at 1.2000. Any minor bullishness can be seen only above that level. Break above targets 1.2040/1.2090.
   
• On the lower side, near term intraday support is around 1.1850 (trend line joining 1.13400 and 1.13705) and any break below will drag the pair down till 1.1900/1.18230 (Aug 31st 2017 low).
   
• The near term resistance is at 1.2100 and any break above will take the pair till 1.2200. The minor resistance is around 1.2000.

It is good to sell on rallies around 1.1960-65 with SL around 1.201 for the TP of 1.18230.