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Intraday trend – Neutral
Major intraday resistance – 0.92755
The pair consolidated for the past ten days between 0.9185 and 0.92752. It hits an intraday high of 0.92525 and is currently trading around 0.92340.
Bullish scenario-
The primary levels to Watch – 0.92750. Any convincing surge above confirms intraday bullishness. A jump to 0.9330/0.9380 is possible.
Bearish scenario-
Intraday support – 0.9180. Break below that level will take the pair to the previous week's low 0.91574. Significant trend reversal only if it breaches 0.9150.
Economic data-
The number of people who have filed for unemployment benefits declined to 184000 for the week ended Dec 4, the lowest level since Sep 6, 1969. Markets eye US CPI for further direction.
Indicators (Daily chart)
Directional movement index – Neutral
CCI (50) - Neutral
It is good to stay away till the further direction
