• EUR/USD regains above 1.1700 level and hits high of 1.17444 on US trade war worries. US economy has added 223k jobs in the month of May and unemployment data at 18- year low at 3.8%. US average hourly earnings rose by 0.3% last month compared to forecast of 0.2%. The data was positive for USD but US trade war with other countries has dragged the USD down. The pair hits low of 1.16169 on Friday and jumped more than 140 pips.US factory orders data came at -0.8% compared to forecast of -0.4%. It is currently trading around 1.17116.
   
• On the higher side, near term major intraday resistance is around 1.1750 (50% fib) and any break above will take the pair to next level till 1.1800/1.1830 .Short term bearish invalidation only above 1.2020 (200- day MA).
   
• The near term support is at 1.1500 and any convincing break below will drag the pair to next level till 1.1400/1.1355.
  
  It is good to buy on dips around 1.1660 with SL around 1.1600 for the TP of 1.1800/1.1830.