EUR/USD trades above 1.1260, targets 1.1360

FX:EURUSD   Euro Fx/U.S. Dollar
209 0 10
Major resistance- 1.12630 ( 50% retracement of 1.16163 and 1.09115).

Major support – 1.1209 (100- day MA)

EUR/USD             has broken major resistance at 1.12630 and jumped till 1.12714 yesterday. It is currently trading around 1.12640.

Markets are in a consolidation phase and are awaiting ECB monetary policy for further bullishness.

ECB is expected to keep the policy rates unchanged .The refinancing rates will be held at 0.00% and the deposit rate at -0.4% .The bond buying program also will be unchanged.

Any break above 1.12630 will take the pair to next level till 1.1300/1.13660.

On the lower side, any violation below 1.1200 will drag the pair till 1.11400/1.1120.

Short term weakness only below 1.1045.

It is good to buy around 1.1260 with SL around 1.1200 for the TP of 1.1300/1.13660.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out