EUR/USD is struggling to break 200 day HMA, target 1.0850
EUR/USD is facing resistance around 1.0975 (200 day HMA) and any break above will target 1.100/1.1060 in short term.
Overall bearish invalidation only above 1.1060. On the downside minor support is around 1.0926 and break below will drag the pair further down till 1.0880/1.0850/1.0800.
It is good to sell on rallies around 1.0955 with SL around 1.0980 for the TP of 1.0886/1.0850
Overall bearish invalidation only above 1.1060. On the downside minor support is around 1.0926 and break below will drag the pair further down till 1.0880/1.0850/1.0800.
It is good to sell on rallies around 1.0955 with SL around 1.0980 for the TP of 1.0886/1.0850