- Major resistance- 139.30 (trend line joining 142.39 and 139.90).
- The pair has recovered sharply after making a low of 135.96. It is currently trading around 137.90.
- Short term trend is slightly bearish as long as resistance 139.30 holds.
- Any indicative break above 139.30 will take the pair to next level till 140/141.09/142.30 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 138.10-138.20 with SL around 139.30 for the TP of 136.
