- Pattern formed - Falling wedge
- Major resistance - 185.60 (trend line joining 188.17 and 186.35)
- The pair has made a high of 185.39 yesterday and started to decline till 183.70 from that level. It is currently trading at 184.50 level.
- On the lower side the pair is facing strong support around 183.70 (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 184.85/185.25/185.60.
It is good to sell on rallies around 185.50-60 with SL around 186.35 for the TP of 184/183.70
