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FxWirePro: EUR/USD faces strong support around 1.0800, good to buy at dips

  • EUR/USD recovered after making a low of 1.0802. It is currently trading around 1.08614.
     
  • The pair recovered till 1.08882 and started to slightly decline from that level. Intraday trend is slighty bullish as long support 1.080 holds.
     
  • Any break above 1.08830 will take the pair to 1.09557/1.100 level.
     
  • On the downside major support is around 1.0800 and break below targets 1.0720/1. minor support is around 1.0840 .

It is good to buy at dips around 1.0850 with SL around 1.0800 for the TP of 1.0950/1.100 

 

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