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Major resistance-1.1500
EUR/USD trades higher and jumped more than 100 pips after forming bottom around 1.13429. The decline in US 10 year yield and slight dovish Fed is supporting Euro. The pair hits high of 1.14728 and is currently trading around 1.14717.
On the higher side, near term resistance is around 1.1500 and any break above targets 1.1555/1.16217/1.17335.
The near term support is around 1.1430 and any violation below will drag the pair till 1.1400/1.1340/1.1300.Any weakness only below 1.12700.
It is good to buy above 1.15000 with SL around 1.14300 for the TP of 1.16200/1.17335.
