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EUR/USD breaks major trend line resistance, jump till 1.1070 is possible

  • Major Resistance - 1.09865 (trend line joining 1.11930 and 1.11737)

  • Minor support - 1.0945 (200 day HMA)

  • The pair has recovered after making a low of 1.09284 at the time of writing. It is currently trading around 1.09872.

  • Any break above 1.09865 will take the pair to next level till 1.1040/1.1070 in short term.

  • Short term bearish invalidation only above 1.10880.

It is good to buy above 1.09865 with SL around 1.09450 for the TP of 1.104/1.1070

 

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