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- EUR/USD formed a bottom around 1.11320 and jumped slightly from that level. It has broken minor resistance of 1.1200 and jumped till 1.12077. The pair is currently trading around 1.11791.
- In the daily chart the pair has formed bullish crossover (100 MA crossing 200 MA) and confirms minor bullishness. Minor weakness can be seen only below 1.11000 level.
- On the higher side, major resistance is around 1.1300 and any break above confirms bullish continuation. Any break of 1.1300 will take the pair to next level till 1.1360/1.1435 in the short term.
- The near term major support is around 1.1100 and any break above will take the pair down till 1.1050/1.1000.
It is good to buy on dips around 1.1180 with SL around 1.1100 for the TP of 1.1300/1.13600.
