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The EUR/USD major currency pair is facing a key resistance level at $1.1260.
The pair has made a high of $1.12525 yesterday after slightly weaker than expected US Non-Farm-Payroll and started to decline from that level. It is currently trading around $1.11606.
In the daily chart EUR/USD is facing strong resistance at $1.1260 and further bullishness can be seen only above that level.
Any break above $1.1260 is likely to take the pair towards $1.1300-$1.1370.
On the lower side, minor support is around $1.11500 and any break below targets 200-days moving average of $1.1120-$1.1045.
The pair has made a high of $1.12525 yesterday after slightly weaker than expected US Non-Farm-Payroll and started to decline from that level. It is currently trading around $1.11606.
In the daily chart EUR/USD is facing strong resistance at $1.1260 and further bullishness can be seen only above that level.
Any break above $1.1260 is likely to take the pair towards $1.1300-$1.1370.
On the lower side, minor support is around $1.11500 and any break below targets 200-days moving average of $1.1120-$1.1045.
