EUR/USD breaks short term support 1.1045, targets 1.0925
EUR/USD has retreated after making a high of 1.11277. It is currently trading at 1.10315.
It is facing strong resistance at 1.110 in intraday and any indicative break will extend gains till 1.1125/1.1150/1.1178 in short term.
On the downside minor support is at 1.1045 and nay break below will drag the pair further down till 1.100/1.0950 in short term.
The minor resistance is around 1.10850.
It is good to sell on rallies around 1.10325-350 with SL around 1.10850 for the TP of 1.0950/1.0920.
It is facing strong resistance at 1.110 in intraday and any indicative break will extend gains till 1.1125/1.1150/1.1178 in short term.
On the downside minor support is at 1.1045 and nay break below will drag the pair further down till 1.100/1.0950 in short term.
The minor resistance is around 1.10850.
It is good to sell on rallies around 1.10325-350 with SL around 1.10850 for the TP of 1.0950/1.0920.