EUR/USD trades below short term support 1.113, targets 1.100
EUR/USD has recovered till 1.12429 after making an low of 1.11330 in European session yesterday.
The major resistance is around 1.1250 (61.8% retracement of 1.14350 and 1.09527) and further bullishness can be seen above that level. Above that level it can reach till 1.1290/1.1330 in short term.
On the downside minor support is around 1.1100 and any break below will drag the apir further down till 1.1055/1.1000.
The pair’s further downside can be seen only below 1.0950 (Jun 28th low) and any indicative break below will take the pair further down till 1.0800 level.
The minor resistance is around 1.1178 and above which it an reach till 1.1250/1.1285.
It is good to sell on rallies around 1.11780-820 with SL around 1.1255 for the TP of 1.1055/1.100.
The major resistance is around 1.1250 (61.8% retracement of 1.14350 and 1.09527) and further bullishness can be seen above that level. Above that level it can reach till 1.1290/1.1330 in short term.
On the downside minor support is around 1.1100 and any break below will drag the apir further down till 1.1055/1.1000.
The pair’s further downside can be seen only below 1.0950 (Jun 28th low) and any indicative break below will take the pair further down till 1.0800 level.
The minor resistance is around 1.1178 and above which it an reach till 1.1250/1.1285.
It is good to sell on rallies around 1.11780-820 with SL around 1.1255 for the TP of 1.1055/1.100.