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- EUR/USD has recovered after making a low of 1.10778. It is currently trading around 1.11050.
- Any break above 1.11276 confirms minor bullishness, a jump till 1.11935/1.12180 is possible.
- The pair’s major support is around 1.1050 (200 day MA) and break below targets 1.1000/1.0920.The minor support is around 1.1075.
- Overall bullish invalidation only below 1.10820.
- The pair major resistance is around 1.12180 (161.8% retracement of 1.10682 and 1.0825)
It is good to buy above 1.11276 with SL around 1.10750 for the TP of 1.11935/1.1218
R1-1.11276
R2-1.1195
R3-1.1218
Support
S1-1.10500
S2-1.1000
S3-1.0920
