FxWirePro: EUR/USD key support at 1.1140, buy deals are recommended around 1.1140

EUR /USD pair made some gains against US dollar in today's European session after buyers stepped in. However, the gains were limited and the pair fell back towards 1.1150 levels after hitting minor resistance at 1.1227. Resistance level at 1.1140 is set to hold the bears from falling further,   and bring a rebound towards higher levels, therefore it's good to go long above 1.1140 levels.

• To the upside, the strong resistance can be seen at 1.1213, a break above this level would take the pair towards next resistance level at 1.1243 levels.

• To the downside immediate support can be seen at 1.1140 (38.2% Retracement level), a break below this level will open the door towards next level at 1.1100.

Recommendation: Go long above 1.1140, targets 1.1200, 1.1240, SL 1.1090

Resistance Levels

R1: 1.1177 (50% Retracement level)

R2: 1.1213(61.8% Retracement level)

R3: 1.1243(Sep 3rdhigh)

Support Levels

S1: 1.1140 (38.2% Retracement level)

S2: 1.1096 (23.6% Retracement level)

S3: 1.1020 (Aug 19th)