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Short

EUR/USD faces resistance around 1.0920, good to sell on rallies

FX:EURUSD   Euro Fx/U.S. Dollar
717 0 8
EUR/USD             has declined after making a high of 1.11011. It is currently trading around 1.08426.

The pair recovered till 1.0878 at the time of writing and started to decline from that level. Intraday trend is still weak as long resistance 1.0920 holds.

Any break above 1.0920 will take the pair to 1.0960/1.1100 level.

On the downside major support is around 1.0780 and break below targets 1.0720/1.0670.The minor support is around 1.0830/1.0790.

It is good to sell on rallies around 1.0870 with SL around 1.0920 for the TP of 1.080/1.0760
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