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- Major support - 1.0500 (200 day MA)
- The pair has retreated after making a high of 1.12442. It is currently trading around 1.1138.
- Short term trend is bullish as long as support 1.0500 holds. Any break below 1.0500 will drag the pair down till 1.1000/1.0920. The minor support is at 1.10900.
- On the higher side major resistance is around 1.1250 and break above targets 1.1280/1.1350.
It is good to buy at dips around 1.1100 with SL around 1.1050 for the TP of 1.1240/1.1280.
- R1-1.11780
- R2-1.1250
- R3-1.1280
Support
- S1-1.1100
- S2- 1.1050
- S3-1.1000
