EUR/USD Intraday trade Idea

FX:EURUSD   Euro Fx/U.S. Dollar
959 7 15
EUR/USD             has formed intraday bottom around 1.0250 and started to jump from that level.

The pair is facing strong minor resistance around 1.1060 and any break above will take the pair to next level to 1.0820/1.1120/1.1138.

On the downside weakness can be seen only below 1.10250 and break below will take the pair till 1.1000/1.0950.

It is good to buy around 1.1058-1.10620 with SL around 1.1020 for the TP of 1.1100/1.1138
look on the bigger picture on dalily tf it broke a serius trend line which is also a part of a triangle, the up move u are seeing is just a retrace of the break, the pair is most likely to go down, becuase 1.1060-90 is the point of end of the retrace, so i belive from there its only going down, sorry for not having any chart to share, but consider my though and look on the higher frames. i would love to have ur comment back and understand ur thoughts. sorry for my bad english.
FxWirePro PRO BadoyJohn
U are right. In Daily charts it is looking weak only. But for intraday till FOMC meeting there will be slight retracement till 1.1100. So only i gave buy call.
BadoyJohn FxWirePro
oh ty you i understand now, but may i know the idea behind the point of 1.1100, u are seems like a very pro trader, im just in my begining, and trying to learn from otheres like u, so i would like to have a better explanation behind ur thought becuase my understanding of the charts cant indicate me why 1.11 could be the end of the retrace
, here is a fast chart i made for u to understand what im trying to say
1.0250 ?
BadoyJohn Miltonfx
u mean becuase he said "has formed intraday bottom around 1.0250 and started to jump from that level. " ? i belive he meant 1.125, becuase is chart support the idea behind this lvl and not the lower one, probaly miswriting
Sorry it was 1.1025
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