Major resistance – 1.12000 (trend line joining 1.16130 and 1.13660)
Major support – 1.1178 (200- day MA)
EUR/USD breaks major trend line resistance at 1.1200 and jumped till 1.12835 on account of Trump leading the US presidential election.It is currently trading around 1.1278.
The pair’s downside capped by 200 –day SMA and any weakness can be seen only below that level. Any violation below 200- day SMA will take the pair till 1.11200/1.1055.
It is good to buy on dips around 1.1250 with SL around 1.1178 for the TP of 1.13660.
Major support – 1.1178 (200- day MA)
EUR/USD breaks major trend line resistance at 1.1200 and jumped till 1.12835 on account of Trump leading the US presidential election.It is currently trading around 1.1278.
The pair’s downside capped by 200 –day SMA and any weakness can be seen only below that level. Any violation below 200- day SMA will take the pair till 1.11200/1.1055.
It is good to buy on dips around 1.1250 with SL around 1.1178 for the TP of 1.13660.