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- Major resistance – 1.12000 (trend line joining 1.16130 and 1.13660) .
- Major support – 1.1178 (200- day MA) .
- EUR/USD breaks major trend line resistance at 1.1200 and jumped till 1.12835 on account of Trump leading the US presidential election.It is currently trading around 1.1278.
- The pair’s downside capped by 200 –day SMA and any weakness can be seen only below that level. Any violation below 200- day SMA will take the pair till 1.11200/1.1055.
It is good to buy on dips around 1.1250 with SL around 1.1178 for the TP of 1.13660.
