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Short

EUR/USD Trading idea

FX:EURUSD   Euro Fx/U.S. Dollar
312 0 1
EUR/USD             made a low of 1.2360 and has recovered till 1.24066 from that level. The pair is facing minor resistance around 1.2415. Any indicative break of 1.2415 would extend gain to 1.2470/1.2500.
Short term trend reversal only above 1.2530.
Minor support 1.2360. On the downside break below will target 1.2300/1.2260 (161.8% retracement of 1.2500 to 1.28859).
Recommendation : Sell EUR/USD             around 1.2415, SL 1.2500, Target 1.2260.