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 - EconoTimes)
Intraday trend – Bearish
Major intraday resistance – 123.50
The pair has closed above 200-H MA after two weeks of a bearish trend. Any breach above 123.50 confirms further bullishness. A jump till 124/124.49 is possible.
The minor support to be watched is 123, any violation below will drag the pair down till 122.45/121.78 (161.8% fib).
Indicators (15 Min)
Directional movement index – Bearish
CCI (50)- Bearish
It is good to sell on rallies around 123.12-15 with SL around 123.51 for TP of 122.
