EUR/USD faces resistance around 1.0807, good to sell on rallies
EUR/USD has recovered till 1.07899 at the time of writing after making a low of 1.07060.
The pair‘s resistance zone is around 1.0800-1.08070 (Jul 20th low –Support turned into resistance) and any break above targets 1.0850/1.0900.
Overall bullishness only above 1.0900 level.
On the downside minor support is around 1.0750 and break below will drag the pair further down till 1.0700/1.0660.
It is good to sell on rallies around 1.0800 with SL around 1.08350 for the TP of 1.07050/1.0660
The pair‘s resistance zone is around 1.0800-1.08070 (Jul 20th low –Support turned into resistance) and any break above targets 1.0850/1.0900.
Overall bullishness only above 1.0900 level.
On the downside minor support is around 1.0750 and break below will drag the pair further down till 1.0700/1.0660.
It is good to sell on rallies around 1.0800 with SL around 1.08350 for the TP of 1.07050/1.0660