Major Support - 1.1300
EURUSD has halted its weakness in US session after a one week selling. The pair jumped till 1.15142 high made on Jan 31st 2019 and declined more than 150 pips after better than expected US Non farm payroll data. But weak factory order data from Germany is putting pressure on Euro. It hits low of 1.13246 and is currently trading around 1.13400.
Technically the pair has taken support near 88.6% fib for 2nd consecutive time and RSI (4 hour chart) showing over sold. So a minor jump till 1.14350 is likely.
On the lower side major support is around 1.12670-1.12800 and any weakness only below that level. Any break below targets 1.12155/1.12000.
It is good to buy on dips around 1.1305-1.13080 with SL around 1.1260 for the TP of 1.14350.
