Major intraday support -1.07900 (trend line joining 1.06070 and 1.07189). Major resistance – 1.08300 The pair has declined slightly after jumping till 1.08245 and is currently trading around 1.07789. EUR/USD breaks major…
Major intraday support -1.07900 (trend line joining 1.06070 and 1.07189).
Major resistance – 1.08300
The pair has declined slightly after jumping till 1.08245 and is currently trading around 1.07789.
EUR/USD breaks major intraday support at 1.07900 and declined till 1.07694 at the time of writing. On the lower side, near term support is around 1.07500 and any break below will drag the pair till 1.07200 (23.6% retracement of 1.08245 and 1.05250)/1.07060.
The major resistance is around 1.0830 and any break above targets 1.08735 level.
It is good to sell on rallies around 1.07850-1.07900 with SL around 1.08300 for the TP of 1.07200/1.07000.
