EUR/USD made a high of 1.2599 and is retreating from that level. Intraday trend is weak as long as resistance 1.2630 holds.
Any break of 1.2630 would extend gain to 1.2690/1.2735 in the short term.the pair's minor support is around 1.2480 and breaking below will take the pair to 1.2430/1.2390. Major support is around 1.2350.
Bearish Invalidation is above 1.2630.
S1- 1.2520, S2-1.2480, S3- 1.2430, S4-1.2390
R1-1.2630, R2-1.2690, R3-1.2735, R4- 1.2769
Recommendation: Sell EUR/USD around 1.2550-60, SL 1.2631, Target 1.2431/1.2391
Any break of 1.2630 would extend gain to 1.2690/1.2735 in the short term.the pair's minor support is around 1.2480 and breaking below will take the pair to 1.2430/1.2390. Major support is around 1.2350.
Bearish Invalidation is above 1.2630.
S1- 1.2520, S2-1.2480, S3- 1.2430, S4-1.2390
R1-1.2630, R2-1.2690, R3-1.2735, R4- 1.2769
Recommendation: Sell EUR/USD around 1.2550-60, SL 1.2631, Target 1.2431/1.2391
