- EUR/USD has recovered after the release of US Trade deficit Trade deficit leaps to highest level since 1996 as imports surged a record 7.7% to $239.2 billion.
- Technically EUR/USD has recovered after making a low of 1.1065. Intraday trend is bullish as long as support 1.100 holds.
- The minor resistance is around 1.11670 (200 day 15 min MA) and break above will target 1.12235/1.2890.
It is good to buy around 1.11500 with stop around 1.1000 for the targets of 1.1223/1.12885.
The material has been provided by InstaForex Company – www.instaforex.com