• Major resistance- 1.0700 (21- day MA)
   
• Major support – 1.05200
   
• EUR/USD formed a major bottom around 1.05214 and jumped sharply from that level. It is currently trading around 1.06474.
   
• On the higher side 1.0700-1.07210 (21- day EMA and 61.8% retracement will be acting as major near term resistance and any break above confirms minor trend reversal in the short term. Any break above targets 1.0745/1.0800 level. Short term bearish invalidation only above 1.08735.
   
• The next immediate support is around 1.05800 and any break below will drag the 1.05200/1.04500.
  
  It is good to sell on rallies around 1.0660-1.0665 with SL around 1.07210 for the TP of 1.05800/1.05200