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FxWirePro: EUR/USD trades in narrow range, good to buy on dips

Friday, October 28, 2016 9:17 AM UTC

Major Resistance- 1.09550 (support turned into resistance).
Major support - 1.08500
EUR/USD is trading in narrow range between 1.09467 and 1.08825 for the past two trading session. It is currently trading around 1.09138.
It should break above 1.09550 for further upside. Any break above 1.09550 will take the pair to next level till 1.1000/1.0392 (Oct 20th high).
On the lower side, any break below 1.0850 will drag the pair to next immediate support at 1.0820/1.0770.

It is good to buy on dips around 1.08750 with SL around 1.0850 for the TP of 1.0950/1.100

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FxWirePro: EUR/USD trades in narrow range, good to buy on dips

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