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- Major intraday support- 115.75
- Chart pattern – Double bottom
- The pair has shown a minor recovery after forming a bottom at 115.75. It broke trend line resistance at 116.28 and jumped till 116.39. It is currently around 116.34.
- Intraday weakness can be seen only below 115.75 level. Any break below will drag the pair to next level till 115.55/115.
- Any hourly close above trend line resistance will take the pair to next level till 117/117.88 level.
It is good to buy on dips around 116.20 with SL around 115.75 for the TP of 117/117.88.
