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- Major Resistance – 1.1280 (trend line joining 1.16163 and 1.13660).
. - EUR/USD jumped till 1.12792 and started to retreat from that level. It is currently trading around 1.12448.
- The pair is facing strong resistance around 1.1280 (trend line joining 1.16163 and 1.13660)and any slight bullishness can be seen only above that level.
- On the lower side, support stands at 1.1194 (55- day EMA)/1.1149 (200- day MA)/1.1120 (Sep 21st low).
- Short term weakness below 1.1120 level.
- The major resistance is around 1.12930 (trend line joining 1.16163 and 1.13663) and a break above targets 1.13660.The minor resistance is around 1.1245 (daily Kijun-Sen).
It is good to sell on rallies around 1.1250 with SL around 1.130for the TP of 1.1190/1.1150
