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EUR/USD sees strong support at 1.13500, break below targets 1.1260

  • EUR/USD has recovered till 1.14189 after making a low of 1.13589. It is currently trading at 1.13700.

  • The pair's major trend line support is around 1.13500 and any major weakness can be seen below that level.

  • Any break below 1.13500 will drag the pair till 1.1300/1.1260/1.1200 level in short term.

  • Short term bullishness can be seen only above 1.14365 and break above targets 1.1460/1.1500.

  • Overall bearish invalidation only above 1.1500.

It is good to sell only below 1.13500 with SL around 1.1400 for the TP of 1.1260/1.1200.

 

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