EUR/USD faces resistance around 1.1,bullish only above that leve
EUR/USD has made a high of 1.1113 and declined from that level. It is currently trading well below 100 and 200 day HMA.
Any break above that level 1.100 will confirm short term bullishness , a jump till 1.1035/1.1085/1.1100 cannot be ruled out.
On the downside minor support is around 1.09425 (76.4% retracement of 1.0920 to 1.1113) and nay break below will drag the pair further down till 1.0920/1.08865/1.0850.
Intraday trend reversal only above 1.1000.
It is good to buy only above 1.1000 with SL around 1.0945 for the TP of 1.10858/1.1100/1.1130.
Any break above that level 1.100 will confirm short term bullishness , a jump till 1.1035/1.1085/1.1100 cannot be ruled out.
On the downside minor support is around 1.09425 (76.4% retracement of 1.0920 to 1.1113) and nay break below will drag the pair further down till 1.0920/1.08865/1.0850.
Intraday trend reversal only above 1.1000.
It is good to buy only above 1.1000 with SL around 1.0945 for the TP of 1.10858/1.1100/1.1130.