EUR/USD faces strong support around 1.0850, targets 1.1035
EUR/USD has made a low of 1.08471 yesterday and recovered from that level. It is currently trading at 1.09100.
It is facing strong support at 1.08450 and any further weakness only below that level.
Any break below 1.08450 will drag the pair further down till /1.0800/1.0650.
On the higher side minor resistance is around 1.0907 (7 day 4 H EMA) and any break above would extend gains till 1.0950/1.09875/1.100.
It is good to buy at dips around 1.0885-890 with SL around 1.08450 for the TP of 1.0980/1.1035
It is facing strong support at 1.08450 and any further weakness only below that level.
Any break below 1.08450 will drag the pair further down till /1.0800/1.0650.
On the higher side minor resistance is around 1.0907 (7 day 4 H EMA) and any break above would extend gains till 1.0950/1.09875/1.100.
It is good to buy at dips around 1.0885-890 with SL around 1.08450 for the TP of 1.0980/1.1035