EUR/USD faces resistance around 1.1250, good to sell on rallies
EUR/USD is trading in narrow range around 1.1245 and 1.11526 for the past two trading session .
Overall trend is still weak as long as resistance 1.1250 holds. Any break above 1.1250 will take the pair to next target 1.1280/1.1330
.
On the downside major support is around 1.11500 and decline till 1.1085/1.1035 is possible if it breaks below that level.
The minor support is around 1.11780.
It is good to sell on rallies around 1.1215 with SL around 1.1255 for the TP of 1.11200/1.1085
Overall trend is still weak as long as resistance 1.1250 holds. Any break above 1.1250 will take the pair to next target 1.1280/1.1330
.
On the downside major support is around 1.11500 and decline till 1.1085/1.1035 is possible if it breaks below that level.
The minor support is around 1.11780.
It is good to sell on rallies around 1.1215 with SL around 1.1255 for the TP of 1.11200/1.1085