- EUR/USD has broken short term trend line resistance 1.1340 (trend line joining 1.14656 and 1.14360) and this confirms short term bullishness , a jump till 1.1435/1.1500 cannot be ruled out.
- On the downside minor support is around 1.1287 and break below will drag the pair further down till 1.1250/1.1200 level.
- Short term weakness only below 1.1250 level.
- Overall trend reversal only below 1.11500.
It is good to buy at dips around 1.13250 with SL around 1.1250 for the TP of 1.1435/1.1500.
The material has been provided by InstaForex Company – www.instaforex.com