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- Major support – 1.0900 (161.8% retracement of 1.14155 and 1.0971).
- Major resistance – 1.11035 (trend line joining 1.1115 and 1.1103)
- The pair has retreated after making a high of 1.11031 at the time of writing. It is currently trading around 1.10747. Short term trend is slightly weak as long as resistance 1.1188 (High made after Brexit) holds.
- Any break above 1.11015 will take the pair to next level till 1.1188 (high made after Brexit)/1.1235 (61.8% retracement of 1.14278 and 1.109119).
- On the lower side any break below 1.09700 (Jun 27th low) will drag the pair down till 1.0900 (161.8% retracement of 1.14155 and 1.0971/1.0834 (61.8% retracement of 1.10852 and 1.09119).
It is good to buy above 1.11035 with SL around 1.1050 for the TP of 1.1188/1.1230
