- EUR/USD has formed double top around 1.12950 and is struggling to break above that level. Intra day trend is weak as long as resistance 1.1300 holds.
- On the downside minor support is around 1.12420 and break below will drag the pair further down till 1.1178/1.1130 in short term.
It is good to sell on rallies around 1.12725 with SL around 1.1300 for the TP of 1.1178/1.1135.
The material has been provided by InstaForex Company – www.instaforex.com