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- Major resistance- 0.9775 (21 day EMA).
- Major support: 0.9630 (Jul 29th low).
- The pair has broken minor resistance 0.9740 (7 day EMA) and jumped till 0.97522.It is currently trading around 0.97407.
- On the higher side, any break above 0.97710 will take the pair to next level till 0.9860 in the short term. The pair should close above 0.9860 (200 day MA) for further bullishness.
- Technically the low made on Jul 29th is acting as major support and slight weakness can be seen only below that level.
- Any break below 0.9630 will drag the pair down till 0.9580/0.9525.Further weakness can be seen only below 0.9500.The minor support is around 0.9680.
It is good to buy on dips around 0.9730 with SL around 0.9675 for the TP of 0.9795/0.9850.
