• Major resistance -1.08735
   
• Major support – 1.06980 (100- 4H MA)
   
• EUR/USD jumped above 1.08000 level and made a high of 1.08288. The upside is limited by daily cloud top and jump till 1.08735 is possible if it closes above daily cloud.
   
• On the lower side the pair has broken the 21- 4H MA at 1.0765 and this confirms minor weakness, a decline till 1.0725 (4H Kijun-Sen) is possible. Any break below 1.0700 (100- 4H MA) will take the pair till 1.06250 level.
   
•  The top formed on Dec 8th 2016 will be acting as major resistance and any break above targets 1.09335 (61.8% retracement of 1.12994 and 1.03402).
  
  It is good to sell on rallies around 1.0755-1.07600 with SL around 1.08285 for the TP of 1.0625