EURUSD trades slightly above 1.1200 level on account weak US retails sales and delay in auto tariff on European cars. President Trump has said that US will delay auto tariff on European car imported by 6 month.It hits high of 1.12247 yesterday and is currently trading around 1.12119.
Markets eye US building permits an Philly Fed manufacturing index for further direction. On the higher side, near term resistance is around 1.12250 and any break above will take the pair to next level till 1.12650/1.1300/1.13450.
The near term support is around 1.11750 and any violation below will take the EURUSD till 1.1140/1.1100.
It is good to buy above 1.12250 with SL around 1.11750 for the TP of 1.13450.
