EUR/USD faces trend line support 1.138,break below targets 1.126
EUR/USD has made a high of 1.14262 today and slightly retreating from that level. It is currently trading at 1.14060.
On the downside minor trend line support is around 1.1380 (trend line joining 1.1768 and 1.1238) and any break below targets 1.1350.
Short term trend reversal only below 1.1350 break below will drag the pair till 1.1315/1.1260.
Major intraday resistance is around 1.14365 and any indicative break above targets 1.1465.
Overall bearish invalidation only above 1.1460 and break above targets 1.1540/1.1600.
It is good to sell only below 1.13800 with SL around 1.1436 for the TP of 1.1315/1.1260
On the downside minor trend line support is around 1.1380 (trend line joining 1.1768 and 1.1238) and any break below targets 1.1350.
Short term trend reversal only below 1.1350 break below will drag the pair till 1.1315/1.1260.
Major intraday resistance is around 1.14365 and any indicative break above targets 1.1465.
Overall bearish invalidation only above 1.1460 and break above targets 1.1540/1.1600.
It is good to sell only below 1.13800 with SL around 1.1436 for the TP of 1.1315/1.1260