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- Major resistance - 1.42760 (trend line joining 1.46633 and 1.45704)
- Major support - 1.41700
- The pair has retreated once again after making a high of 1.4240. It is currently trading around 1.42040.
- Short term trend is still weak as long as resistance 1.42760 holds.
- Any break above 1.42760 will take the pair to next level till 1.4350/1.4400 in short term.
- The minor resistance are at 1.4240/1.4268.
- On the lower side major support is at 1.4170 and break below targets 1.4100/1.4045.
It is good to sell on rallies around 1.4205-4210 with SL around 1.4275 for the TP of 1.4080/1.4045
