EUR/USD recovers after making a low of 1.1154,good to buy at dip
EUR/USD has taken support near 1.11430 (200 day4H EMA) and recovered from that level till 1.12613. Overall trend is still bullish as long as support 1.1430 holds.
Any break below 1.11430 will drag the pair further down till 1.1060/1.1000.
Overall bullish invalidation only below 1.1000.
The pair’s minor resistance is around 1.1240 and break above will extend gains till 1.1280/1.1320.
Intraday major resistance is around 1.1320 and break above will target 1.1370/1.1435.
It is good to buy at dips around 1.11950 with SL around 1.1140 for the TP of 1.13050/1.1320
Any break below 1.11430 will drag the pair further down till 1.1060/1.1000.
Overall bullish invalidation only below 1.1000.
The pair’s minor resistance is around 1.1240 and break above will extend gains till 1.1280/1.1320.
Intraday major resistance is around 1.1320 and break above will target 1.1370/1.1435.
It is good to buy at dips around 1.11950 with SL around 1.1140 for the TP of 1.13050/1.1320
