EUR/USD breaks minor support 1.08, decline till 1.07 is possible
EUR/USD has recovered till 1.08295 at the time of writing after making a low of 1.0710. It is currently trading around 1.08087.
Short term trend is still bearish as long as resistance 1.08550 holds. Any break above 1.08550 will take the pair to 1.08850/1.0905.
On the lower side support is around 1.0800 and any break below will drag the pair down till 1.0740/1.0700 level.
Overall bearish invalidation only above 1.1000 level.
It is good to sell on rallies around 1.0800-0805 with SL around 1.0860 for the TP of 1.0710/1.0670
Short term trend is still bearish as long as resistance 1.08550 holds. Any break above 1.08550 will take the pair to 1.08850/1.0905.
On the lower side support is around 1.0800 and any break below will drag the pair down till 1.0740/1.0700 level.
Overall bearish invalidation only above 1.1000 level.
It is good to sell on rallies around 1.0800-0805 with SL around 1.0860 for the TP of 1.0710/1.0670