FxWirePro: EURUSD strengthens with bullish bias, watch out for 1.000 levels
EUR /USD after Fridays bounce towards 1.0994 levels slipped lower in the earlier sessions. However, after finding minor support at 1.0944, the pair has bounced towards 1.0980 levels. Further the decline is expected to be…
EUR /USD after Fridays bounce towards 1.0994 levels slipped lower in the earlier sessions. However, after finding minor support at 1.0944, the pair has bounced towards 1.0980 levels.
Further the decline is expected to be limited as the pair faces strong support at 1.0930 and it is expected to advance further towards 1.1100 and 1.1080 levels in the short term it's good to buy this pair on dips.
To the upside, the strong resistance can be seen at 1.0000, a break above will take the pair towards next resistance level at 1.1044.
To the downside immediate support can be seen at 1.0930 levels, a break below will open gates towards 1.0882 levels.
Recommendation: Go long around 1.0940, targets 1.1040, 1.1100, SL 1.0882
