- EUR/USD has made a high of 1.12958 and retreated till 1.11597 from that level. It is currently trading around 1.11710.
- Overall trend is weak as long as resistance 1.1295 holds.
- On the downside major support is around 1.11500 and any break below 1.1150 will drag the pair further down till 1.1100/1.1085.
- The pair’s minor resistance is around 1.11870 and any break above would extend gains till 1.1280/1.1257 in short term.
- Intraday weakness can be seen only below 1.11550 level.
It is good to sell only below 1.11550 with SL around 1.11875 with SL around 1.1100/1.1080
The material has been provided by InstaForex Company – www.instaforex.com