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- Chart Pattern- Descending triangle pattern
- The pair has broken major support 1.0800 which confirms major trend reversal a decline till 1.07250/1.0670/1.0620.
- Short term trend is still weak as long as resistance 1.09050 holds.
- Any break above 1.0905 will take the pair to next level till 1.0950/1.0980/1.1000.
- The minor resistance is around 1.0840 and break above target 1.08860/1.0905.
It is good to sell on rallies around 1.0795-1.0800 with SL around 1.0885 for the TP of 1.0670/1.0620/1.0550
R1-1.0840
R2-1.0885
R3-1.0905
Support
S1-1.0780
S2- 1.0720
S3-1.0670
