- EUR/USD has broken short term support 1.1000 (200 day 240 4 HMA) and this confirms short term weakness, decline till 1.0800 cannot be ruled out.
- On the upside 1.1025 will be acting as minor resistance for the intraday and any break above would extend gains till 1.1035/1.1060 in short term.It is good to sell around 1.09650-70 with stop around 1.1025 for the target of 1.080.
The material has been provided by InstaForex Company – www.instaforex.com