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EUR/USD faces trendline support at 1.1155, below targets 1.1080

EUR/USD has made a high of 1.12958 and retreated  till 1.11597 from that level. It is currently trading around 1.11710.

  • Overall trend is weak as long as resistance 1.1295 holds.
     
  • On the downside major support is around 1.11500 and any break below 1.1150 will drag the pair further down till 1.1100/1.1085.
     
  • The pair's minor resistance is around 1.11870 and any break above would extend gains till 1.1280/1.1257 in short term. 
     
  • Intraday weakness can be seen only below 1.11550 level. 

It is good to sell only below 1.11550 with SL around 1.11875 with SL around 1.1100/1.1080.

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