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Short

EUR/USD faces resistance around 1.1350, good to sell on rallies

FX:EURUSD   Euro Fx/U.S. Dollar
410 0 14
Major resistance – 1.13500 (trend line joining 1.1495 and 1.1376)

The pair has made a high of 1.13424 and slightly decline from that level. It is currently trading around 1.13014.

Intraday trend is slightly weak as long as resistance 1.1350 (trend line joining 1.1495 and 1.1376) holds.

Any break above 1.1350 will take the pair to next level till 1.1380/1.14375.

On the lower side major support is around 1.12750 and break below targets 1.1200/1.1155.

Short term trend reversal only above 1.1380.

It is good to sell on rallies around 1.1300-1. 1305             with SL around 1.1350 for the TP of 1.1200/1.1155

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