• Major support – 1.06300 (trend line joining 1.04948 and 1.05250).
   
• Major intraday resistance – 1.0706 (21- day EMA).
   
• EUR/USD has recovered slightly after hitting low of 1.06297.  Short term bias is on the downside and minor reversal can happen above 1.07060.
   
• On the lower side, any close below trend line support at 1.06300 will drag the pair till 1.0600/1.05250 (Mar 9th 2017 low)/1.04940 (Mar 2nd low).
   
• The near term resistance is around 1.0702 (21- day EMA) and any break above will take the pair to next level till 1.07450/1.07800. Short term bearish invalidation only above 1.09058.
  
  It is good to buy on dips around 1.0650 with SL around 1.0600 for the TP of 1.0706/1.0745.