EUR/USD trades above 1.1000,jump till 1.1085 /1.1120 is possible
EUR/USD has once again breaks major psychological resistance 1.1000 after making a low of 1.09200 on Friday. Intra day trend is still bullish as long as support 1.0950 holds.
Break below 1.0950 will drag the pair further down till 1.0920/1.08650 level.
Overall trend reversal only below 1.08500.
Any break above major 1.1100 will take the pair to next target at 1.1085/1.1123 level in short term.
Indicator ( One hour chart)
CCI (50) - Buy
Ichimoku -Buy
ADX- Buy
It is good to buy above 1.1000 with SL around 1.0950 for the TP of 1.1085/1.1120
Break below 1.0950 will drag the pair further down till 1.0920/1.08650 level.
Overall trend reversal only below 1.08500.
Any break above major 1.1100 will take the pair to next target at 1.1085/1.1123 level in short term.
Indicator ( One hour chart)
CCI (50) - Buy
Ichimoku -Buy
ADX- Buy
It is good to buy above 1.1000 with SL around 1.0950 for the TP of 1.1085/1.1120
