EUR/USD trades above minor trendline resistance, targets 1.0900

FX:EURUSD   Euro / U.S. Dollar
890 3 11
EUR/USD             has broken minor trend line resistance around 1.0740 ( trend line joining 1.1050 and 1.0893) and is trading slightly well above that level. It is currently trading at 1.07630 at the time of writing.

Short term trend is bullish as long as support 1.0700 holds. Any break below 1.0700 will drag the pair down till 1.0660/1.0600.

On the higher side major resistance is around 1.0800 and any break above targets 1.0850/1.0900. Short term trend reversal only above 1.0900 level.

It is good to buy at dips around 1.07580-600 with SL around 1.07000 for the TP of 1.0830/1.0900

"The trend is our friend" - it's not just a saying :)
Confirm it will go up. The only thing is i gave entry at higher level. It will not break low of 1.0660
+2 Reply
G.F.X. FxWirePro
Thanks for the explanation!
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