Intraday Trend –Bullish
The pair has made a low of 1.08301 yesterday and recovered from that level. It is currently trading around 1.09175.
Major resistance -1.0905 (55 day EMA)
EUR/USD has broken 1.09050 and jumped till 1.09141. Short term trend is bullish as long as support 1.0830 holds.
On the higher side any break above 1.09050 will take the pair till 1.09535/1.09800.
Overall bullishness only above 1.1000.
The minor support is around 1.08060 and break below targets 1.0830/1.07900.
It is good to buy at dips around 1.0885-890 with SL around 1.0830 for the TP of 1.09500/1.09800
The pair has made a low of 1.08301 yesterday and recovered from that level. It is currently trading around 1.09175.
Major resistance -1.0905 (55 day EMA)
EUR/USD has broken 1.09050 and jumped till 1.09141. Short term trend is bullish as long as support 1.0830 holds.
On the higher side any break above 1.09050 will take the pair till 1.09535/1.09800.
Overall bullishness only above 1.1000.
The minor support is around 1.08060 and break below targets 1.0830/1.07900.
It is good to buy at dips around 1.0885-890 with SL around 1.0830 for the TP of 1.09500/1.09800