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- Minor intraday resistance – 1.08850 (trend line joining 1.08996 and 1.08860)
- Major support – 1.08500
- EUR/USD breaks minor trend line resistance around 1.08850 and slightly jumped till 1.0887 at the time of writing. It is currently trading around 1.08869.
- The intraday trend is slightly bullish as long as support 1.08500 holds.
- Any violation below 1.0850 will drag the pair down till 1.0820/1.07750 level in the short term.
- The minor intraday resistance is around 1.09020 (23.6% retracement of 1.0392 and 1.08596) and any break above targets 1.0950/1.09705.
It is good to buy on dips around 1.08850 with SL around 1.08475 for the TP of 1.0950/1.0970
