- EUR/USD is facing strong trend line resistance around 1.1000 (trend line joining 1.1249 and 1.11952) and any further bullishness can be seen only above that level.
- Any break above 1.1100 will take the pair to next target at 1.1085/1.1123 level in short term.
- On the downside minor support is around 1.0950 and break below will drag the pair till 1.0900/1.0850.
- Bullish invalidation only below 1.0800.
It is good to buy above 1.1000 with SL around 1.0950 for the TP of 1.1085/1.1120
The material has been provided by InstaForex Company – www.instaforex.com