EUR/USD faces minor resistance at 1.158,good to sell on rallies

EURUSD has made a low of 1.1395 and recovered till 1.15598 level. Overall trend is till weak as long as resistance 1.1580 holds.

It has formed a temporary top around 1.1712 and any further bullishness only above that level. Break above 1.1712 targets 1.1800.

The pair'minor resistance is around 1.1580 .Any break above 1.1580 would extend gains till 1.1620/1.1700.

It is good to sell on rallies around 1.1525-30 with SL around 1.1580 for the TP of 1.1400/1.1360