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- Minor resistance- 1.13050 (hourly Tenken-Sen)
- Major support – 1.12700 (200 HMA)
- EUR/USD has slightly recovered after making a low of 1.12897. It is currently trading around 1.13020.
- On the higher side any break above 1.13050 will take the pair to next immediate resistance at 1.1348 (hourly Kijun-Sen)/1.13648 (61.8% retracement of 1.14154 and 1.12897)/1.1400.
- The pair’s major intraday support is around 1.1270 (200 HMA) and break below targets 1.1240 (21 day MA)/1.1215 (100 day MA).
- In hourly chart CCI (50) and RSI (14) is showing bullish divergence.
It is good to buy above 1.3050 with SL around 1.12700 for the TP of 1.3485/1.13650/1.1400
