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- Major resistance- 140
- The pair has recovered sharply after making a low of 135.96. It is currently trading around 138.06.
- Short term trend is slightly bearish as long as resistance 140 holds.
- Any indicative break above 140 will take the pair to next level till 141.09/142.30 in the short term.
- On the lower side, any break below 137.80 will drag the pair till 137.30/135.96.
- Overall bearish invalidation only above 143.25.
It is good to sell on rallies around 139.20 with SL around 140 for the TP of 1437.80/136.
