EURUSD faces strong support around 1.108,good to sell on rallies Short

Euro Fx/U.S. DollarFXCM

Description

⋅ Sep 7, 2015 7:17 AM

EUR/USD has made a low of 1.1090 and recovered till 1.1174. It is currently trading at 1.11360.

The pair’s intraday resistance is around 1.1178 and break above will take the pair to next target at 1.1230/1.1270 in short term.

On the lower side major support is around 1.1080 and break below will drag the pair further down till 1.1040/1.1000.

The pair’s minor support is around 1.1110.

It is good to sell on rallies around 1.1175-80 with SL around 1.1230 for the TP of 1.1090/1.1045

Comments

Killy_Mel

⋅ Sep 7, 2015 9:47 AM

I also agree that it will recover or at least go flat for now... on my monitor it stopped falling on weekly basis (against 120-h mean)

benders

⋅ Sep 7, 2015 7:19 AM

Maybe..