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EUR/USD breaks major resistance 1.1470, targets 1.1640/1.1780

Monday, August 24, 2015 3:14 AM UTC

As per our analysis EUR/USD has reached previous high 1.14656 after breaking of major resistance 1.12180. It has broken major resistance 1.1470 in Asian session , a jump till 1.1640/1.1780 is possible.
Bullish invalidation only below 1.1380 level and any break below 1.1380 will drag the pair further down till 1.13450/1.1330 in short term.
Minor supports is around 1.1430/1.1400.
The pair's resistance are at 1.1530/1.1600/1.1640

It is good to buy at dips around 1.1475-80 with SL around 1.1400 for the TP of 1.1640/1.1780

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EUR/USD breaks major resistance 1.1470, targets 1.1640/1.1780

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