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FxWirePro- Woodies pivot (Major) 
- EUR/USD has broken major psychological resistance at 1.2000 after consolidating in narrow range for past three trading sessions. The pair jumped till 1.20064 in European session and is currently trading around 1.19869. Euro has jumped after hitting intraday low of 1.19717 after better than expected German ZEW. It is currently trading around 1.19850.
- German ZEW economic sentiment came at 17 this month August compared to forecast of 12.5.Market awaits US Fed monetary policy for further direction.
- The pair is facing strong psychological resistance at 1.200 and any break above will take the pair to next level till 1.2050/1.20925 (Sep 8th 2017 high). Bullish continuation can be seen only above 1.20925.
- On the lower side, near term intraday support is around 1.1850 (trend line joining 1.13400 and 1.13705) and any break below will drag the pair down till 1.18230 (Aug 31st 2017 low)/1.1800.
- The major resistance is around 1.2100 and any break above confirms bullish continuation, a jump till 1.2200.
It is good to buy on dips around 1.19500 with SL around 1.1900 for the TP of 1.20925.
