- EUR/USD has witnessed a bullish break; which by itself presents an upside target of 1.0920-1.0930.
- The pair remains bid but is having a tough time taking out the hourly 100-MA at 1.0885.
- If it does take out, pair could rise to 1.0920
Key Resistance levels
- 1.0933 (100-DMA)
- 1.0940 (61.8% Mar low-Aug high)
Its quite clear the pair is going have a even more tough time taking out offers in the resistance zone of 1.0920-1.0940
Key Support levels
- 1.0868 (channel support)