- The pair is trading around 0.9710 levels and it is expected advance further towards 0.9760 and 0.9800 levels in the short term.
- To the upside, the strong resistance can be seen at 0.9812 (23.6% Retracement level), a break above this level would take the pair towards next resistance level at 0.9853 (Aug 5th high).
- To the downside immediate support can be seen 0.9710 (61.8% Retracement level), a break below this level will take the pair to next level at 0.9670 levels.
Recommendation: Go long above 0.9715, targets 0.9760, 0.9830, SL 0.9640
Resistance Levels
R1: 0.9757(38.2% Retracement level)
R2: 0.9812 (23.6% Retracement level)
Support Levels
S1: 0.9710 (61.8% Retracement level of 0.9905 and 0.9525)
S2: 0.9670
S3: 0.9582 (Aug 31st)