FxWirePro:EUR/USD Trade idea

• Major resistance- 1.0850 (support turned into resistance)
   
• Major support -1.0700                      
• The pair jumped sharply from the low of 1.07091 and broken minor pschycological resistance 1.08000. It is currently trading around 1.0800.
   
• Any slight break above 1.08500 will take the pair till 1.0950 (7- day EMA)/1.0970 (21-day MA).
   
• On the lower side, minor support 1.0750 and any indicative break below will drag the pair down till 1.0700/1.06400 (161.8% retracement of 1.07091 and 1.08163).
   
• Overall bearish invalidation only above 1.12990.                                                              It is good to sell on rallies around 1.08500 with SL around 1.09500 for the TP of 1.0700/1.0645.

 Resistance

R1-1.0850

R2-1.0950

R3-1.1000

Support               

S1-1.0750

S2-1.0700

S3- 1.0640