EURUSD declines sharply more than 150 pips from high as market mood slightly improved this morning. US futures have shown more than 5% jump after declining more than 7% yesterday. The pair hits intraday low of 1.13323 and is currently trading around 1.13068.
On the flip side, near term support is around 1.1285 and any violation below will drag the pair down till 1.12450/1.1190.
The immediate resistance is at 1.1400 and indicative break above will targets 1.1460/1.1500.
It is good to sell on rallies around 1.1358-60 with SL around 1.1400 for the TP of 1.1200.
