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- Major resistance - 1.1180 (55- day EMA).
- The pair has made slight jump above 55- day EMA and started to decline from that level.
- In the daily chart, EUR/USD is facing strong resistance at 1.1260 and further bullishness can be seen only above that level.
- Any break above 1.1260 will take the pair till 1.1300/1.1370.The minor resistance is at 1.1206/1.123 (daily Kijun-Sen).
- On the lower side, minor support is around 1.11400 and any break below targets 1.112 (200- day MA)/1.1045.
It is good to sell on rallies around 1.1200 with SL around 1.1260 for the TP of 1.1117
Resistance
R1- 1.1230
R2-1.1260
R3-1.1300
Support
S1-1.11500
S2-1.1120
S3-1.1045
