FxWirePro: EUR/USD trade idea

• Major intraday support – 1.07600 (Mar 24th 2017 low).
   
• Major resistance- 1.09329 (61.8% retracement of 1.1299 and 1.03400).
   
• EUR/USD formed a temporary top around 1.09058 yesterday and started to decline from that level. US consumer confidence data jumped to 125.6 in March, highest since Dec 2000.
   
• On the lower side, 1.07600 (Mar 24th 2017 low) will be acting as near term support and any break below will drag the pair down till 1.07350 (strong resistance). Any break below will drag the pair till 1.06900.
   
• The near term resistance is at 1.0882 (200- day MA) and any violation above will take the pair to recent high at 1.09058/1.09329 (61.8% retracement of 1.1299 and 1.03400).
  
  It is good to sell on rallies around 1.0820-1.0825 with SL around 1.0880 for the TP of 1.07600/1.07060.

 Resistance                                                                              

R1-1.0880                    

R2 -1.0906

R3- 1.09700

Support                   

S1-1.0760                

S2-1.0735

S3-1.06900