•EUR/USD recovered slightly till 1.1960 in European session after better than expected Euro CPI data. It is currently trading around 1.1946.
•It has formed a temporary bottom around 1.18230 low made on Aug 31st 2017.
•Eurozone Aug CPI Y-Y came steady at 1.5% compared to 1.3%. Markets await US Fed monetary policy for further direction.
•The pair is facing strong psychological resistance around 1.2000 and any break above will take the pair to next level till 1.2040/1.2092 (Sep 8th 2017 high). Bullish continuation can be seen only above 1.2092.
•On the lower side, near term intraday support is around 1.1850 (trend line joining 1.13400 and 1.13705) and any break below will drag the pair down till 1.18230 (Aug 31st 2017 low) and 1.1800.
It is good to buy on dips around 1.1900 with SL around 1.1840 for TP at 1.2000 & 1.20925.