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Long

EUR/USD Short term outlook

FX:EURUSD   Euro / U.S. Dollar
246 1 7
EUR/USD             showed huge jump from the low of 1.11229 after Fed monetary policy . But not able to hold above 1.1200 level.

The pair has broken major psychological level at 1.1200 and declined till 1.1938 at the time of writing. On the lower side, support stands at 1.119 (55- day EMA )/1.1149 (200- day MA)/1.1120 (Sep 21st low).

Short term weakness below 1.1120 level.

The major resistance is around 1.12930 ( trend line joining 1.16163 and 1.13663) and break above targets 1.13660.The minor resistance is around 1.1245 (daily Kijun-Sen).

It is good to buy at dips around 1.1195 with SL around 1.1145 for the TP of 1.1290/1.1360
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