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Long

EUR/USD: Buy above break out

FX:EURUSD   Euro Fx/U.S. Dollar
575 0 14
Major resistance – 1.10350 ( trend line joining 1.10682 and 1.10395)

Major support – 1.0970 ( trend line joining 1.0825 and 1.0940)

EUR/USD             has made a high of 1.10286 and slightly declined from that level. It is currently trading around 1.1087.

The pair is facing strong resistance around 1.10350 and any further bullishness only above that level. Any break above 1.10350 will take the pair to next level till 1.1070/1.10880/1.1150.

On the lower side major support is around 1.0970 and break below targets 1.0940/1.0900.

Overall bullish invalidation only below 1.0820.

It is good to buy above 1.10350 with SL around 1.0970 for the TP of 1.1100/1.1150

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