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Long

EUR/USD Intraday Trade Idea

FX:EURUSD   Euro / U.S. Dollar
512 0 17
Minor intraday resistance – 1.08850 ( trend line joining 1.08996 and 1.08860).

Major support – 1.08500

EUR/USD             breaks minor trend line resistance around 1.08850 and slightly jumped till 1.0887 at the time of writing. It is currently trading around 1.08869.

The intraday trend is slightly bullish as long as support 1.08500 holds.

Any violation below 1.0850 will drag the pair down till 1.0820/1.07750 level in the short term.

The minor intraday resistance is around 1.09020 (23.6% retracement of 1.0392 and 1.08596) and any break above targets 1.0950/1.09705.

It is good to buy on dips around 1.08850 with SL around 1.08475 for the TP of 1.0950/1.0970
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