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- Major resistance - 1.10350 (trend line joining 1.10682 and 1.10395)
- Major support - 1.0970 (trend line joining 1.0825 and 1.0940)
- EUR/USD has made a high of 1.10286 and slightly declined from that level. It is currently trading around 1.1087.
- The pair is facing strong resistance around 1.10350 and any further bullishness only above that level. Any break above 1.10350 will take the pair to next level till
1.1070/1.10880/1.1150. - On the lower side major support is around 1.0970 and break below targets 1.0940/1.0900.
- Overall bullish invalidation only below 1.0820.
It is good to buy above 1.10350 with SL around 1.0970 for the TP of 1.1100/1.1150
R1-1.10500
R2-1.1100
R3-1.1150
Support
S1-1.0970
S2-1.0940
S3-1.0900
