- 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