EUR/USD struggles to hold above 1.1600, targets 1.1400

EUR/USD has made a high of 1.17129 yesterday and declined from that level. Short term trend is still weak as long as resistance 1.1620 holds.

Any break above 1.1620 will take the pair to next level at 1.1720/1.1800 level.

On the lower side major support is around 1.1498 and any break below will drag the pair further down till 1.1400/1.1330 in short term.

It is good to sell on rallies 1.1530-35 with SL around 1.1580 for the TP of 1.1430/1.1400