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- Pattern formed – Bullish Gartley pattern
- Major support -140
- The pair declined drastically after breaking major support 142.15. It has made a low of 140.20 at the time of writing and is currently trading around 140.80.
- Major support is around 140 and any break below will drag the pair down till 138.50 in the short term.
- The pair minor resistance is around 141.40 (23.6% retracement of 145.25 and 140.20) and break above will take the pair till 142.20 (support turned into resistance)/143.
It is good to buy on dips around 140.60 with SL around 140 for the TP of 141.40/142.20.
Resistance
R1-141.40
R2-142.20
R3- 143.50
Support
S1-140
S2-138.50
S3- 136
