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- Major resistance- 0.7220 (90 day EMA)
- Major support - 0.710 (Jun 2nd high)
- The pair has once again taken support near 0.7100 and jumped from that level. It is currently trading around 0.71432.
- Short term trend is slightly weak as long as resistance 0.7220 (90 day MA) holds.
- On the lower side any break below 0.7100 will drag the pair down till 0.7055/0.7000/0.6850.
- The pair’s minor resistance is around 0.7160 (daily Tenkan-Sen) and any violation above 0.7160 will take the pair to next level at 0.7185/0.7225.
It is good to sell on rallies around 0.7155 with SL around 0.7225 for the TP of 0.7000/0.6900
