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- Minor resistance 0.8970
- Major support -0.8850
- The pair has broken major support 0.8850 and declined till 0.88240. It is currently trading around 0.88525.
- Intraday trend is weak as long as resistance 0.8925 holds.
- Any break above0.8925 will take the pair to next level 0.8970/0.9020/0.9060.
- On the lower side major support is around 0.8850 (Mar 28th low) and break below targets confirms minor trend reversal a decline till 0.8750is possible .The minor support is around 0.8820.
It is good to sell on rallies around 0.8925-30 with SL around 0.8970 for the TP of 0.8850/0.8755.
