EUR/USD is trading above 100 day MA,Jump till 1.1215 is possible
EUR/USD has taken support near trend line 1.1100 and is recovering from that level. The major resistance is around 1.11930 and intra day reversal can be seen only above that level.
On the upside break above 1.11930 will extends gains till 1.12250/1.1250.
The break of trend line support will drag the pair further down till 1.1060/1.1000.
The minor support is around 1.1400 and slight weakness can be seen below that level.
It is good to buy around 1.11580 with stop around 1.11400 for the targets of 1.11930/1.1215.
On the upside break above 1.11930 will extends gains till 1.12250/1.1250.
The break of trend line support will drag the pair further down till 1.1060/1.1000.
The minor support is around 1.1400 and slight weakness can be seen below that level.
It is good to buy around 1.11580 with stop around 1.11400 for the targets of 1.11930/1.1215.
