FxWirePro:EUR/USD faces strong trend line resistance at 1.0600,good to sell on rallies

• Major resistance – 1.0600 (trend line joining 1.08735 and  1.0675).
   
• Major support – 1.03400
   
• EURUSD has once declined sharply after jumping till 1.057496.It is currently trading around 1.0510.
   
• The pair broken the 1.0500 handle and jumped till 1.05749 at the time of writing. But not able hold at higher levels.
   
• The pair should break above 1.0600 for further jump till 1.06700.Minor trend reversal only above 1.06700.
   
• On the lower side, any break below 1.04800 will drag the pair down till 1.04300/1.03800/1.03400.

It is good to sell on rallies around 1.05200-1.0525 with SL around 1.0600 for the TP of 1.03500