EUR/USD faces strong resistance around 1.1218, targets 1.1035
EUR/USD has recovered till 1.12123 and retreated from that level. It is facing strong resistance around 1.1218 (61.8% retracement of 1.1465 and 1.08190) and any break above only will confirm further bullishness.
Any break above would extend gains till 1.1250/1.1280 in short term.
On the downside minor support is around 1.1130 and any break below will drag the pair further down till 1.1080/1.1035/1.100.
Bearish invalidation only above 1.1218.
It is good to sell on rallies around 1.1175-80 with SL around 1.1220 for the TP of 1.1085/1.1035
Any break above would extend gains till 1.1250/1.1280 in short term.
On the downside minor support is around 1.1130 and any break below will drag the pair further down till 1.1080/1.1035/1.100.
Bearish invalidation only above 1.1218.
It is good to sell on rallies around 1.1175-80 with SL around 1.1220 for the TP of 1.1085/1.1035