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FxWirePro: EUR/USD trades above 20 day MA , jump till 1.1500 likely

EURUSD has jumped sharply almost 200 pips from the low 1.12640. Euro gained ground on positive Brexit headlines and slightly dovish comments from Fed members. Fed members Clarida and Kalpan comments were slightly dovish and said no rush to raise rates. The Pound sterling shown a good recovery today after a 300 pips dips yesterday after Brexit Minister Raab resignation.It is currently trading around 1.12925 0.13% lower

 

On the lower side, near term support is around 1.1360 and any break below targets 1.1300/1.1200 level.

 

The near term resistance is around 1.1435 and any break above targets 1.1500. The pair should break above 1.1500 for minor bullishness.

 

It is good to buy on dips around 1.1375-80 with SL around 1.1320 for the TP of 1.1490.

 

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February 21 23:30 UTC Released

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