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- Minor resistance - 1.3900 (trend line joining 1.43255 and 1.41026)
- Major resistance -1.4000
- Major support - 1.3840 (trend line joining 1.3693 and 1.3780)
- The pair has broken minor resistance 1.3900 and jumped till 1.39980. It is currently trading around 1. above major resistance confirms major trend reversal , jump till 1.4100/1.414 is possible
- Overall trend is slightly bullish as long as support 1.3840 holds. Short term trend reversal only below 1.3880.
- Any break below 1.3880 will drag the pair down till 1.3840/1.3800.
It is good to buy at dips around 1.3940-45 with SL around 1.3880 for the TP of 1.3988/1.4080
