Fxwirepro: Eur/usd Recovers After Making a Low of 1.1154, Good to Buy at Dips

  • EUR/USD has taken support near 1.11430 (200 day4H EMA) and recovered from that level till 1.12613. Overall trend is still bullish as long as support 1.1430 holds.
  • Any break below 1.11430 will drag the pair further down till 1.1060/1.1000.
  • Overall bullish invalidation only below 1.1000.
  • The pair’s minor resistance is around 1.1240 and break above will extend gains till 1.1280/1.1320.
  • Intraday major resistance is around 1.1320 and break above will target 1.1370/1.1435.

It is good to buy at dips around 1.11950 with SL around 1.1140 for the TP of 1.13050/1.1320

The material has been provided by InstaForex Company – www.instaforex.com