EURUSD has shown a minor jump above 1.12400 (55- 4 H EMA ) for 3rd time and declined slightly after better than expected US Non farm payroll data.. US economy has added 196000 jobs in month of Mar compared to forecast of 172000 and unemployment rate is at 3.8%. The average wage growth came slightly below estimate 0.1% vs forecast 0.3%.
On the higher side, near term resistance is around 1.12453 (55- 4 H EMA) and any violation above will take the pair to next level till 1.12680/1.1300/1.1322 (300-4 H EMA).
The near term major support is around 1.11700 and any break below targets 1.11500/1.100.
It is good to sell on rallies around 1.12325-50 with SL around 1.12600 for the TP of 1.1155.
On the higher side, near term resistance is around 1.12453 (55- 4 H EMA) and any violation above will take the pair to next level till 1.12680/1.1300/1.1322 (300-4 H EMA).
The near term major support is around 1.11700 and any break below targets 1.11500/1.100.
It is good to sell on rallies around 1.12325-50 with SL around 1.12600 for the TP of 1.1155.
Trade closed manually:
Square off short position