Potential Reversal Zone (PRZ) 1 -1.1115 (88.6% retracement)
Potential Reversal Zone (PRZ) 2- 1.1050 (1.13% retracement)
The pair has made a low of 1.1118 yesterday and started to recover from that level. It is currently trading around 1.11710.
Short term trend is bullish as long as support 1.1050 holds. On the higher side major resistance is around 1.1200 and break above targets 1.1245/1.1280/1.13350.
Any break below 1.1050 will drag the pair till 1.100/1.0920.
It is good to buy at dips around 1.1115 with SL around 1.1050 for the TP of 1.1245/1.1280/