EUR/USD breaks major resistance 1.1060, targets 1.1280

FX:EURUSD   Euro / U.S. Dollar
456 0 4
Major resistance -1.1060 (Dec 15th 2015 high)

The pair has broken major resistance and jumped till 1.11455. It is currently trading around 1.10720.

Short term trend is bullish as long as support 1.1000 holds. Any break below 1.1000 will drag the pair down till 1.0965/1.0920 level. The minor support is around 1.1050/1.025.

Overall bullish invalidation only below 1.0850.

On the higher side major resistance is around 1.1500 and break above targets 1.1200/1.1260/1.1280.

It is good to buy at dips around 1.1050 with SL around 1.100 for the TP of 1.1200/1.1280
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