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- Major resistance -1.1060 (Dec 15th 2015 high)
- The pair has broken major resistance and jumped till 1.11455. It is currently trading around 1.10720.
- Short term trend is bullish as long as support 1.1000 holds. Any break below 1.1000 will drag the pair down till 1.0965/1.0920 level. The minor support is around 1.1050/1.025.
- Overall bullish invalidation only below 1.0850.
- On the higher side major resistance is around 1.1500 and break above targets 1.1200/1.1260/1.1280.
It is good to buy at dips around 1.1050 with SL around 1.100 for the TP of 1.1200/1.1280
R1-1.1150
R2-1.1200
R3-1.1280
Support
S1-1.1050
S2- 1.1000
S3-1.0920
