EUR/USD is trading above ichimoku cloud,targets 1.1290
EUR/USD has formed double top around 1.12070 and is retreating from that level. Overall trend is bullish as long as support 1.1112 holds.
Any break above 1.12150 would extend gains till 1.1250/1.1280 in short term.
On the downside minor support is around 1.1150 and break below will drag the pair further down till 1.1112/1.1060.
It is good to buy at declines around 1.11850 with stop around 1.1110 for the TP of 1.1290/1.1350
Any break above 1.12150 would extend gains till 1.1250/1.1280 in short term.
On the downside minor support is around 1.1150 and break below will drag the pair further down till 1.1112/1.1060.
It is good to buy at declines around 1.11850 with stop around 1.1110 for the TP of 1.1290/1.1350