EUR/USD faces strong support around 1.08900, targets 1.10850
EUR/USD has made a high of 1.1113 on Friday and declined from that level. It is currently trading well below 100 and 200 day HMA.
Any break above that level 1.100 will confirm short term bullishness, a jump till 1.1035/1.1085/1.1100 cannot be ruled out .
On the downside it is facing trend line support at 1.09150 (trend line joining 1.0825 and 1.08925) and break below confirms intraday weakness a decline till 1.08900/108500 is possible.
The minor support is around 1.09425
Intraday trend reversal only below 1.08900.
It is good to buy at dips around 1.09525 with SL around 1.08900 for TP of 1.1035/1.1085
Any break above that level 1.100 will confirm short term bullishness, a jump till 1.1035/1.1085/1.1100 cannot be ruled out .
On the downside it is facing trend line support at 1.09150 (trend line joining 1.0825 and 1.08925) and break below confirms intraday weakness a decline till 1.08900/108500 is possible.
The minor support is around 1.09425
Intraday trend reversal only below 1.08900.
It is good to buy at dips around 1.09525 with SL around 1.08900 for TP of 1.1035/1.1085