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- Major intraday resistance- 1.0160 (trend line joining 1.01915 and 1.01850)
- Major intraday support -1.0110 (tend line joining 1.00794 and 1.01115)
- The pair jumped slightly 1.01580 at the time of writing after declining till 1.01075. It is currently trading around 1.01410.
- On the lower side, any break below 1.0110 will drag the pair down till 1.0074/1.00385 (23.6% retracement of 0.95432 and 1.01915)/0.9990.
- The minor immediate resistance is around 1.0160 and any violation above will take the pair to 1.0195/1.02260 (88.6% retracement of 1.03284 and 0.94439).
- Short term bullishness only above 1.01915.
It is good to buy above 1.0158 with SL around 1.0110 for the TP of 1.02250
Resistance
R1-1.01915
R2-1.02260
R3- 1.03000
Support
S1-1.0110
S2-1.0078
S3- 1.00385
