EUR/USD breaks major resistance 1.1218, targets 1.1465
Friday, August 21, 2015 3:16 AM UTC
- EUR/USD has broken major BIG W pattern resistance 1.2180 and jumped till 1.12775.
- It will be facing short resistance around 1.12780 and any break above targets 1.13480/1.1430 in short term.
- The pair's short term support is around 1.1215 (resistance turned into support) and break below targets 1.1178/1.1150/1.1100 in short term.
- It has trading within the range of 1.1212 and 1.1016 for the past one week and convincingly broken the high of 1.1212 and this confirms short term bullishness , a jump till 1.1465 is possible .
- Overall Bullish invalidation only below 1.1000
- Short term bullish invalidation only below 1.1100
It is good to buy at dips 1.1237 with SL around 1.1178 for the TP of 1.1350/1.1435