EUR/USD faces resistance around 1.1086,good to sell on rallies
EUR/USD has recovered till 1.10680 after making a low of 1.0996 and is currently trading around 1.1056.
The pair is facing trend line resistance around 1.1086 (trend line joining 1.1055 and 1.1068) and any further bullishness can be seen only above that level.
Any break above 1.1086 will take the pair to next target 1.1100/1.11380.
Overall bullishness only above 1.1150.
On the downside minor support is around 1.1045 and break below targets 1.100/1.0950 level.
It is good to sell on rallies around 1.1056-600 with SL around 1.1090 for the TP of 1.100/1.0955
The pair is facing trend line resistance around 1.1086 (trend line joining 1.1055 and 1.1068) and any further bullishness can be seen only above that level.
Any break above 1.1086 will take the pair to next target 1.1100/1.11380.
Overall bullishness only above 1.1150.
On the downside minor support is around 1.1045 and break below targets 1.100/1.0950 level.
It is good to sell on rallies around 1.1056-600 with SL around 1.1090 for the TP of 1.100/1.0955