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Long

EUR/USD Pares it loss after weak trade deficit,targets 1.12230

FX:EURUSD   Euro Fx/U.S. Dollar
457 0 3
EUR/USD             has recovered after the release of US Trade deficit .US Trade deficit leaps to highest level since 1996 as imports surged a record 7.7% to $239.2 billion.

Technically EUR/USD             has recovered after making a low of 1.1065. Intraday trend is bullish as long as support 1.100 holds.
the minor resistance is around 1.11670 (200 day 15 min MA) and break above will target 1.12235/1.2890.

It is good to buy around 1.11500 with stop around 1.1000 for the targets of 1.1223/1.12885.

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