- EUR/USD has made a low of 1.08471 yesterday and recovered from that level. It is currently trading at 1.0910.
- It is facing strong support at 1.08450 and any further weakness only below that level.
- Any break below 1.08450 will drag the pair further down till /1.0800/1.0650.
- On the higher side minor resistance is around 1.0907 (7 day 4 H EMA) and any break above would extend gains till 1.0950/1.09875/1.100.
It is good to buy at dips around 1.0885-890 with SL around 1.08450 for the TP of 1.0980/1.1035
The material has been provided by InstaForex Company – www.instaforex.com