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EUR/USD breaks minor trend line resistance, targets 1.0820

  • EUR/USD has broken minor trend line resistance around 1.0700 (trend line joining 1.08292 and 1.08068) and a jump till 1.0770/1.0800 is possible .
     
  • On the downside minor support is around 1.06600 and break below 1.0660 will drag the pair down till 1.0630/1.0600.
     
  • Further weakness can be seen only below 1.0600 level.
     
  • The pair's major resistance is around 1.0830 and break above targets 1.0900.

It is good to buy at dips around 1.0685-90 with SL around 1.0635 for the TP of 1.0770/1.0825

 

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