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- Major resistance - 115
- Major support - 113.50
- The pair has retreated after making a high of 114.87. It is currently trading around 113.55.
- Short term trend is slightly bearish as long as resistance 115 holds.
- Any break above 115 will take the pair till 115.60/116.35.
- On the lower side major support is around 113.50 and break below targets 113/112.50.
It is good to sell on rallies around 114 with SL around 115 for the TP of 112.50/112.
