EUR/USD has made a break above strong resistance at 1.0930/35 over night this morning to reach 1.0968. We have backed off quite sharply however to first support at 1.0930/26. Below here look for better support at 1.0908/03 but longs need stops below 1.0890. A break lower targets good support at 1.0870/65 for the best buying opportunity of the day. Longs need stops below 1.0840 to target strong support at 1.0810/05.
A break above the 1.0968 high targets minor resistance at 1.0982/85 then strong resistance at 1.1020/25. A good chance of a high for the day but shorts need stops above 1.1055.