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FxWirePro:EUR/USD breaks 61.8% fibo, good to buy on dips

Monday, March 13, 2017 6:55 AM UTC

Major Resistance – 1.0700 (61.8% retracement of 1.08288 and 1.04935).
EUR/USD has broken major resistance of 1.0700 today morning and jumped till 1.0796.

The pair broken high of 1.06793 formed on Feb 16th 2017 after US Nonfarm payroll data. It is currently trading around 1.00750.
Any break above 1.0700 will take the pair till 1.07400/1.0800/1.08288. It should break above 1.08735 for further bullishness.
On lower side, any weakness can be seen below 1.04900 and break below will drag the pair till 1.04530/1.03450 (Jan 1st 2017 low).
Overall bearish invalidation only above 1.08735.

It is good to buy on dips around 1.0680 -1.0685 with SL around 1.063 for the TP of 1.07980/1.08280.

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FxWirePro:EUR/USD breaks 61.8% fibo, good to buy on dips

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