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- Major resistance- 1.14650 (Apr 12th 2016)
- Major Support – 1.1370
- Euro has broken major resistance 1.14650 and jumped till 1.14811 at the time writing. It is currently trading around 1.14670.
- Short term trend is slightly bullish as long as support 1.1370 holds.
- On the lower side any break below 1.1370 will drag the pair down till 1.1335/1.1300.
- Any break above 1.1465 confirms major trend reversal, a jump till 1.1500/1.1545/1.1600 is possible.
- Short term weakness only below 1.1270 (low formed after Fed meeting).
It is good to buy at dips around 1.1435-1.14400 with SL around 1.1370 for the TP of 1.1545/1.1600
