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- Major resistance- 136.25 (61.8% retracement of 143.23 and 126.26)
- The pair breaks major resistance 61.8% fibo after declining till 134.18 yesterday .The pair has jumped till 136.56 yesterday. It is currently trading around 136.22.
- Short term trend is still bullish as long as support 134.10 (5- day MA) holds.
- Any violation below 5- day MA will drag the pair down till 132.70 (100- day MA)/131.45 (10- day MA).
- On the higher side, any break above 136.25 will take the pair to next level till 138/138.85 in the short term.
It is good to buy on dips around 136 with SL around 134.90 for the TP of 138/138.85.
Resistance R1-136.60
R2-138
R3-138.85
Support
S1-134.10
S2-132.70
S3- 131.45
