EUR/USD has broken major resistance 1.1300 and this confirms short term bullishness , a jump till 1.1370/1.1436 cannot be ruled out.
Short term weakness can be seen only below 1.1240 level.
The minor support is around 1.1270.
Any break below 1.1240 will drag the pair further down till 1.1200/1.1150 level.
Overall bullish invalidation only below 1.1150.
It is good to buy at dips around 1.1290-95 with SL around 1.1240 for the TP of 1.1370/1.1436
Comments
sirmike
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S/L Done ?
TradingClue
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Looking at the 5 minute bars, there seems to be a resistance at 1.13070 and the EUR/USD does not seem to be able to break it - do you have any insights/ indications that the chart will go up to 1.370 as in your initial prediction?
PooyaSalehipour
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Perfect my friend.
Kadhijah
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box of profit for previous analyst, thank you sir.
kind regards