• Major intraday resistance – 1.0680 (55- day EMA)
   
• Major support – 1.05800
   
• EUR/USD recovered slightly after making a low of 1.05880 level. The pair is facing strong support at 1.05790 low formed on Jan 16th 2017.
   
• Any violation below 1.05800 will drag the pair till 1.05200/1.0500/ 1.04500 (Jan 11th 2017 low).
   
• On the higher side, any break above minor trend line resistance 1.06350 will take the pair till 1.0680 (55- day EMA)/1.06990 (200- H MA)/1.07386 (61.8% retracement of 1.08288 and 1.05880).
   
•  Short term bearish invalidation only above 1.08735.
  
  It is good to sell on rallies around 1.06250-6300 with SL around 1.06800 for the TP of 1.05250/1.0500