- Major intraday resistance -1.05200 (trend line joining 1.0630 and 1.05717).
- Major support – 1.04935 (double bottom).
- The pair has once again taken support near 1.04935 and jumped from that level. It is currently trading around 1.05400.
- Minor weakness can be seen only below 1.04900. On the lower side, any break below 1.04900 will drag the pair till 1.04500/1.03450.
- On the higher side, any break above 1.0530 will take the pair till 1.0559 (200- H MA) /1.05717/1.06300 (Feb 28th high).
It is good to buy on dips around 1.0520-230 with SL around 1.04900 for the TP of 1.0571/1.06300
Resistance
R1- 1.05720
R2 -1.0630
R3- 1.06800
Support
S1-1.04900
S2-1.04500
S3- 1.03400
