EURUSD surged sharply after a long consolidation. It hits a high of of 1.11987 at the time of writing and is currently trading around 1.11888. The pair trades above short-term (34 and 55 EMA) in 4-hour chart. Major resistance to watch- 1.1200. Any violation above 1.1200 targets 1.1280/1.1300.
Major support- 1.1178/1.1120/1.1060/1.09880.
Indicators ( 4- hour chart)
Directional movement index -Bullish
CCI (50)- Bullish
CCI(14)- Bullish
It is good to buy on dips around 1.11870-880 with SL around 1.140 for a TP of 1.1278.
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