Eur/usd Faces Strong Support at 1.0925, Jump Till 1.1035 Is Possible

  • EUR/USD has formed bullish BAT pattern in 4 hours chart, a jump till 1.1035/1.10800 cannot be ruled out .
  • The pair’s minor support is around 1.0920 which confirms further weakness, a decline till 1.08950/1.0865/1.0850.
  • Further weakness can be seen only below 1.0800.
  • On the higher side minor resistance is around 1.0970 and break above would extend gains till 1.100/1.035/1.1080.

It is good to buy at dips around 1.0925-28 with SL around 1.0890 for the TP of 1.100/1.1035/1.1080.

The material has been provided by InstaForex Company –