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- EUR/USD is consolidating in narrow range after hitting high of 1.14395 on Friday. The pair is trading between 1.13795 and 1.14183. It is currently trading around 1.13980. The pair has formed minor bottom around 1.13795. Any minor weakness can be seen only below that level.
- On the higher side, temporary top formed at 1.1445 will be acting as near term resistance and any break above will take the pair till 1.1500/1.1560.
- Major short term support is around 1.1290 and any break below will drag the pair till 1.12600 (21- day EMA).Any close below will drag the pair till 1.1150/1.1100. Any break below minor bottom will take the pair down till 1.1350/1.1290.
It is good to buy on dips around 1.1375 with SL around 1.1300 for the TP of 1.1500/1.1560.
