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- Major resistance- 134.43 (7- W EMA).
- Major support – 132.65 (3 W EMA).
- The pair jumped till 7 W EMA and declined from that level. It is currently trading around 133.59.
- Minor trend is weak as long as resistance 134.45 holds. Any break above 134.45 will take the pair to next level till 135.80 (9-W EMA). It should close above 9-W EMA for further bullishness.
- On the lower side, support stands at 132.65 (3- W EMA) any violation below will drag the pair till 131.13 (Previous week low)/130.The minor support is around 133.30.
It is good to sell on rallies around 134.40 with SL around 135.80 for the TP of 132.65/131.13
Resistance
R1- 134.45
R2-135.80
R3-136.25
Support
S1-132.65
S2-131.10
S3-130
