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- Major resistance: 1.11880 (Jun 24th high)
- The pair ahs jumped till 1.11855 at the time of writing and declined from that level. It is currently trading around 1.11400.
- The short term bearish trend from 1.14278 till 1.09115 will come to an end only if the pair breaks above 1.11880 level.
- Any break above 1.1188 would take the pair to next immediate resistance 1.1235 (21 day MA and also 61.8% retracement of 1.14279 and 1.0911)/1.13000.
- On the lower side, the break below 1.1070 ( trend line joining 1.09723 and 1.10239)/1.1000/1.0970.
It is good to sell on rallies around 1.11500 with SL around 1.1190 for the TP of 1.1070/1.100/1.0920
R1- 1.1190
R2-1.12345
R3-1.1300
Support
S1- 1.1070
S2-1.1000
S3-1.0915
