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EUR/USD breaks major support 1.13700, targets 1.1280/1.1200

  • Major support - 1.13700
     
  •  Major intraday resistance - 1.14050
     
  • The pair has retreated after making a high of 1.1405 yesterday. It is currently trading around 1.13640.
     
  • Intraday trend is still weak as long as resistance 1.1405 holds. Any break above 1.1405 will take the pair to next level 1.14380. Short term trend reversal only above 1.1380.
     
  • On the lower side any break below 1.1320 will drag the pair down till 1.1280/1.1200.

It is good to sell on rallies around 1.1355-1.1360 with SL around 1.1405 for the TP of 1.1278/1.1200

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