FxWirePro: EURUSD Trade idea

• EURUSD hits 2 year high yesterday after positive comments from Draghi in ECB monetary policy meeting.  ECB is preparing to withdraw stimulus down the road. Dollar is broadly lower after market is losing hope on trump.
   
• The pair broken the major resistance 1.16586 high made on Jul 20th 2017 and jumped 1.16840 at the time of writing. It is currently trading around 1.16529.
   
• On the lower side, near term support stands around 1.15930 (23.6% retracement of 1.13123 and 1.16840 and any break below will drag the pair down till 1.1565 (5- day MA)/1.1527 (daily Tenken-Sen). Any minor weakness can be seen only below 1.1480 (yesterday low).
   
• The near term resistance is around 1.17140 and break above will take the pair till 1.17420 (38.2 % retracement of 1.7420 (38.2% fibo)/1.1800.

It is good to buy on dips around 1.1600 with SL around 1.1530 for the TP of 1.17140/1.17430

Resistance
                   

R1-1.1740
                               

R2 -1.1750
 

R3- 1.1800
 

Support   
 

S1-1.6000
 

S2-1.15280

S3-1.1480