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Short

EUR/USD struggles to break 1.1100, targets 1.10925

FX:EURUSD   Euro Fx/U.S. Dollar
721 0 12
EUR/USD             has recovered till 1.10828 after making a low of 1.1021 yesterday. It is currently trading at 1.10456.Overall trend is still weak as long as resistance 1.1100 holds.

It is facing strong resistance at 1.110 in intraday and any indicative break will extend gains till 1.1125/1.1150/1.1178 in short term.

On the downside minor support is at 1.1020 and any break below will drag the pair further down till 1.100/1.0950/1.0920 in short term.

The minor resistance is around 1.10850.

It is good t o sell on rallies around 1.10450-480 with SL around 1.1100 for the TP of 1.0950/1.0920.
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