EUR/USD: Buy above trend line break out (1.1140)

FX:EURUSD   Euro / U.S. Dollar
440 3 17
Major resistance- 1.1140 ( trend line joining 1.11860 and 1.11648).

Major support – 1.10590 (21 day MA).

EUR/USD             jumped till 1.11195 and declined from that level. It is currently trading around 1.10962.

The pair is facing strong resistance at 1.1140 and any further bullishness only above that level.

Any violation above 1.1140 will take the pair to next level till 1.11860/1.12280/1.1300 in the short term.

On the lower side minor support is around 1.10750 and break below targets 1.1060/1.1000.

Overall bullish invalidation only below 1.09100.

It is good to buy above 1.1140 with SL around 1.1060 for the TP of 1.12280/1.1300
Hello FxWirePro, I personally se an inverted pennant, which normally signals a trend continuation...

+1 Reply
Yes u are right
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