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Long

EUR/USD Near term Outlook

FX:EURUSD   Euro Fx/U.S. Dollar
213 0 10
EUR/USD             had fallen to two-month low prior to the U.S jobs report. After softer than expected U.S NFP jobs report the pair recovered smartly till 1.12045 level. It is currently trading around 1.11771.

The trend line joining May, Aug and Sep high comes around 1.1250 and any short term bullishness can be seen above that level.

Any break above trend line resistance will take the pair to next level till 1.1300/1.13660 in the short term.

On the lower side, any break below 1.1060 (trend line joining 1.09115 and 1.09519) will drag the pair to lower level till 1.1000/1.0950/1.0910 in the short term.

It is good to buy on dips around 1.1120 with SL around 1.1050 for the TP of 1.1250/1.1360

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