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- Major support -1.1000 (200 day 4 HMA)
- Major resistance - 1.10550 (support turned into resistance)
- The pair has made a low of 1.1003 yesterday and recovered from that level. It is currently trading around 1.1033.
- Intraday trend is weak as long as resistance 1.10550 holds.
- Any break above 1.10550 will take the pair till 1.1088/1.1125/1.1140.
- Short term bearish invalidation only above 1.1150.
- On the lower side any break below 1.1000 will drag the pair down till 1.1092/1.10825
It is good to sell on rallies around 1.10375-380 with SL around 1.0880 for the TP of 1.100/1.0920/1.0830
