FOREX Market - EUR/USD

The major trend of EUR/USD is bearish, but prices are not sustaining at lower levels, we can expect a short term recovery in the pair for next few trading session. Today if the pair breaks the important level of 1.1365 at upside then we can expect it to test the level of 1.1395/1.1430. Prices are taking support of 30 SMA & can come up to test the falling trendline.

RSI is also sustaining in buying territory supporting the ongoing trend. MACD line is to break the zero line,indicating the up trend in the market.

STRATEGY :- EUR/USD is not sustaining at lower level & looking bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1185	1.1227	1.1276	1.1318	1.1367	1.1409	1.1458
GBP/USD	1.5110	1.5154	1.5184	1.5228	1.5258	1.5302	1.5332
USD/JPY	117.35	117.83	118.24	118.72	119.13	119.61	120.02
USD/CHF	0.9097	0.9145	0.9191	0.9239	0.9285	0.9333	0.9379
AUD/USD	0.7657	0.7701	0.7752	0.7796	0.7847	0.7891	0.7942
EUR/GBP	0.7364	0.7387	0.7414	0.7437	0.7464	0.7487	0.7514
USD/CAD	1.2293	1.2359	1.2414	1.2480	1.2535	1.2601	1.2656
NZD/USD	0.7221	0.7271	0.7341	0.7391	0.7461	0.7511	0.7581