FxWirePro: EUR/USD trades flat, good to buy on dips
EUR/USD has shown a minor jump after hitting low of 1.22490. The pair is showing minor weakness after jumping till 1.23449 in this week. With no major economic release today, market eyes US Nonfarm payroll which is to be…
EUR/USD has shown a minor jump after hitting low of 1.22490. The pair is showing minor weakness after jumping till 1.23449 in this week. With no major economic release today, market eyes US Nonfarm payroll which is to be released tomorrow for further direction. It is currently trading around 1.22622.
The pair is facing minor near term support is around 1.2250 and any break below will drag the pair down till 1.2200/1.2165. Overall bearish continuation below 1.2165.
On the higher side, near term resistance is around 1.23200 and any hourly close above will take the pair to next level till 1.2345/1.2380/1.2435.Major bullishness only above 1.2550.
It is good to buy on dips around 1.2250 with SL around 1.2200 for the TP of 1.2345.
