EUR/USD breaks major support 1.1080, targets 1.1000/1.0920

FX:EURUSD   Euro / U.S. Dollar
338 2 4
Major support -1.1050 (200 day MA and also 1.13% retracement of 1.10865 and 1.13350)

Intraday major support -1.10800 ( trend line joining 1.11280 and 1.1059)

Major resistance – 1.11500

The pair ahs made a low of 1.10710 yesterday and slightly recovered form that level. It is currently trading around 1.10865.

Any break below intraday major support will drag the pair till 1.1050/1.1000/1.0920 level.

On the higher side major resistance is around 1.1150 and break above targets 1.1200/1.12450.

It is good to sell on rallies around 1.1080-1.1085 with SL around 1.1150 for the TP of 1.1000/1.0920
awefull lot of support there
Wow! It's supposed to go backwards! The best forecast I have ever seen! ;)
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