- Major resistance – 1.0600 (trend line joining 1.08735 and 1.0675).
- Major support – 1.03400
- EURUSD has once declined sharply after jumping till 1.057496.It is currently trading around 1.0510.
- The pair broken the 1.0500 handle and jumped till 1.05749 at the time of writing. But not able hold at higher levels.
- The pair should break above 1.0600 for further jump till 1.06700.Minor trend reversal only above 1.06700.
- On the lower side, any break below 1.04800 will drag the pair down till 1.04300/1.03800/1.03400.
It is good to sell on rallies around 1.05200-1.0525 with SL around 1.0600 for the TP of 1.03500


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