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Long

EUR/USD: Buy above break out (1.1420)

FX:EURUSD   Euro Fx/U.S. Dollar
196 0 7
Major resistance- 1.1420 (Jun 9th high)

Major support – 1.1300

EUR/USD             breaks above 1. 1400             handle and jumped till 1.4022 at the time of writing. It is currently trading around 1.13925.

Short term bullishness can happen only if it breaks above 1.1420 (Jun 9th high) and any break above 1.1420 will take the pair to next level 1.1466 ( Apr             12th high)/1.1505/1.1617 (May 3rd high).

On the lower side, major support is 1.310 (21 4H MA) and break below targets 1.1235 (Jun 21st low)/1.1200/1.1130 (Jun16th low).

It is good to buy above 1.1420 with SL around 1.1300 for the TP of 1.1505/1.1617
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