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- The pair has jumped till 1.1196 on Friday after weaker than expected US GDP data. It is currently trading around 1.11653.
- EUR/USD should break above 1.11830 (38.2% retracement of 1.16163 and 1.09115) will take the pair to next level till 1.11976 (Jul 29th high). The pair should break above 1.1200 for the further jump till 1.1236 (38.2% retracement of 1.0463 and 1.1714)/1.12650 (50% retracement of 1.14213 and 1.09115)/1.1300.
- On the lower side, minor support is around 1.11570 (90 day EMA) and any6 break below targets 1.1100/1.0740 (200 day MA).It should close below 200 day MA for further weakness.
It is good to sell on rallies around 1.11820 with SL around 1.1230 for the TP of 1.1100
R1- 1.1200
R2-1.12365
R3-1.12650
Support
S1-1.11580
S2-1.1100
S3-1.1075
