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- Major support – 1.10600 (trend line joining 1.09115 and 1.09519).
- Major resistance- 1.1160 (200- day MA).
- The pair has broken major support 1.1120 and declined till 1.11042 from that level. It is currently trading around 1.11273.
- On the lower side, 1.10600 will be acting as major support and any break below confirms major weakness, a decline till 1.1000/1.0950/1.09100.
- The major resistance is around 1.1160 and any violation above will take the pair to next immediate resistance at 1.1180 (100- day MA) /1.12440 (61.8% retracement of 1.12793. and 1.1104)/1.1280.
It is good to buy on dips around 1.1100 with SL around 1.1050 for the TP Of 1.1180/1.1245.
