•EUR/USD reached 1.20057 in European session and is currently trading around 1.1968.
•Euro has jumped after hitting intraday low of 1.19533 after better than expected German ZEW.
•The pair is facing strong psychological resistance at 1.200 and any break above will take the pair to next level till 1.2050/1.20916 (Sep 8th 2017 high).
•Bullish continuation can be seen only above 1.20925.
•On the lower side, near term intraday support is around 1.1860 - 1.1850 (H4 200 SMA & trend line joining 1.13116 and 1.1370) and any break below will drag the pair down till 1.18223 (Aug 31st 2017 low) and 1.1800.
•The major resistance is around 1.2100 and any break above confirms bullish continuation, a jump till 1.2200.