EUR/USD faces trendline support at 1.1155, below targets 1.1080
EUR/USD has made a high of 1.12958 and retreated till 1.11597 from that level. It is currently trading around 1.11710.
Overall trend is weak as long as resistance 1.1295 holds.
On the downside major support is around 1.11500 and any break below 1.1150 will drag the pair further down till 1.1100/1.1085.
The pair's minor resistance is around 1.11870 and any break above would extend gains till 1.1280/1.1257 in short term.
Intraday weakness can be seen only below 1.11550 level.
It is good to sell only below 1.11550 with SL around 1.11875 with SL around 1.1100/1.1080
Overall trend is weak as long as resistance 1.1295 holds.
On the downside major support is around 1.11500 and any break below 1.1150 will drag the pair further down till 1.1100/1.1085.
The pair's minor resistance is around 1.11870 and any break above would extend gains till 1.1280/1.1257 in short term.
Intraday weakness can be seen only below 1.11550 level.
It is good to sell only below 1.11550 with SL around 1.11875 with SL around 1.1100/1.1080