EUR/USD struggles to hold above 1.1200, good to sell on rallies
EUR/USD has made a high of 1.12144 on Friday and retreated from that level. Overall trend is still weak as long as resistance 1.1240 holds.
Any break above 1.1240 would extend gains till 1.1280/1.1300 in short term.
Overall trend reversal only above 1.1300 level.
On the lower side any break below 1.1150 will drag the pair further down till 1.1100/1.1080.
It is good to sell on rallies around 1.1850-900 with SL around 1.1240 for the TP of 1.1115/1.1080
Any break above 1.1240 would extend gains till 1.1280/1.1300 in short term.
Overall trend reversal only above 1.1300 level.
On the lower side any break below 1.1150 will drag the pair further down till 1.1100/1.1080.
It is good to sell on rallies around 1.1850-900 with SL around 1.1240 for the TP of 1.1115/1.1080