Eur/usd Retreats from High of 1.1275, Weakness Only Below 1.1150

  • EUR/USD has retreated from the yesterday’s high of 1.1270 till 1.11540 today. Intraday trend reversal can happen only below this level.
  • Break below 1.1150 will drag the pair further down till 1.1100/1.1060 level.
  • On the upside intraday resistance is around 1.1180 and break above would extend gains till 1.1240/1.1275 in short term. 

It is good to buy around 1.11720-750 with SL around 1.1148 for the TP of 1.1240/1.1270 

The material has been provided by InstaForex Company –