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Long

EUR/USD :Watch out for 1.0800 for further bullishness

FX:EURUSD   Euro Fx/U.S. Dollar
547 0 7
EUR/USD             has made a low of 1.06911 and started to recover from that level. It is currently trading around 1.07915. Short term trend is till weak as long as resistance 1.0800 holds.

The pair has been struggling to break above 1.0800 for the past four trading session and break above confirms short term bullishness, a jump till 1.0900/1.1000 cannot be ruled out .

On the downside major support is around 1.0660 and break below targets 1.0600.

The pair's minor support is around 1.0750 and below that level decline till 1.0700/1.0680 is possible.

It is good to buy only above 1.0800 with SL around 1.0748 for the TP of 1.0900/1.1000.
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