EUR/USD has taken support around 1.2210-50 which is (88.6% retracement of 1.20411 and 1.39927) and also trend line support joining 1.18754 and 1.20411.
Major trend reversal level is 1.2200 and any further weakness till 1.2000/1.11875 can be seen on breaking of 1.2200.
The EUR/USD is expected to reach 1.2658/1.28859 (Oct 13th High) as long as support 1.2200 holds.
The pair’s minor resistance is around 1.2536 and any break of will take the pair to 1.2658/1.28859.
Recommendation: Buy EUR/USD around 1.2400, SL 1.2200, Target 1.2658/1.28850.
Major trend reversal level is 1.2200 and any further weakness till 1.2000/1.11875 can be seen on breaking of 1.2200.
The EUR/USD is expected to reach 1.2658/1.28859 (Oct 13th High) as long as support 1.2200 holds.
The pair’s minor resistance is around 1.2536 and any break of will take the pair to 1.2658/1.28859.
Recommendation: Buy EUR/USD around 1.2400, SL 1.2200, Target 1.2658/1.28850.