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- Major resistance -162.70
- Major support – 160
- The pair has retreated yesterday after making a high of 162.70. It is currently trading around 161.93.
- Short term trend is still bullish as long as support 160 holds.
- On the lower side minor support is around 160 and any break below that level will drag the pair down till 159.15/158.49/158.
- The pair’s resistance is around 162.70 and break above targets 164.05 level.
- Overall trend reversal only above 164.10.
It is good to buy at dips around 161.20-30 with SL around 160 for the TP of 162.70/164.10
