EUR/USD breaks major resistance 1.1390, jump till 1.1530 cannot be ruled out
EUR/USD has broken major support 1.1390 and this confirms short term trend reversal, a jump till 1.1530 cannot be ruled out.
Intraday minor support is around 1.1385 (resistance turned into support) and any break below will drag the pair further down till 1.1350.
On the upside 1.1427 (161.8% retracement of 1.12887 and 1.1065) and break above will target 1.1489/1.1530.
It is good to buy around 1.14 with stop around 1.1380 for the targets 1.1485/1.1530
EUR/USD has broken major support 1.1390 and this confirms short term trend reversal, a jump till 1.1530 cannot be ruled out.
Intraday minor support is around 1.1385 (resistance turned into support) and any break below will drag the pair further down till 1.1350.
On the upside 1.1427 (161.8% retracement of 1.12887 and 1.1065) and break above will target 1.1489/1.1530.
It is good to buy around 1.14 with stop around 1.1380 for the targets 1.1485/1.1530