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- Pattern formed - Falling wedge
- Major resistance - 185.28 (trend line joining 188.80 and 186.33)
- The pair has made a high of 183.34 yesterday and started to recover from that level. It is currently trading at 184.16 level.
- On the lower side the pair is facing strong support around 183.40 (trend line joining 184.32 and 183.97) and break below confirms minor weakness a decline till 183/181.80 is possible .
- Any break above major resistance will take the pair to next level 186.05/186.35. The minor resistance is around 184.85/185.30/185.60.
It is good to sell on rallies around 185.50-60 with SL around 186.35 for the TP of 184/183.70
