EUR/USD faces resistance at 1.091, break above targets 1.1/1.106
Major resistance – 1.09100 (trend line joining 1.10596 and 1.09916)
The pair has recovered once again after making a low of 1.0805 level. EUR/USD major support 1.0800 (Jan 8th low) is acting as temporary bottom and any bearishness only below that level.
Break below temporary bottom will drag he pair till 1.0710/1.0670/1.0640.
On the higher side any break above 1.09100 will take the pair to next level around 1.0970/1.1000/1.1060.
It is good to buy above 1.09100 with SL around 1.0845 for the TP of 1.100/1.1060.
Or
Go long at dips around 1.0850 with SL around 1.0800 for the TP of 1.0970/1.1000
The pair has recovered once again after making a low of 1.0805 level. EUR/USD major support 1.0800 (Jan 8th low) is acting as temporary bottom and any bearishness only below that level.
Break below temporary bottom will drag he pair till 1.0710/1.0670/1.0640.
On the higher side any break above 1.09100 will take the pair to next level around 1.0970/1.1000/1.1060.
It is good to buy above 1.09100 with SL around 1.0845 for the TP of 1.100/1.1060.
Or
Go long at dips around 1.0850 with SL around 1.0800 for the TP of 1.0970/1.1000