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- Major resistance - 158.75 (trend line joining 175.01 and 173.55)
- Minor resistance -156.85
- Minor support -156.20
- The pair has slightly recovered after making a low of 156.20. It is currently trading around 156.98
- It has broken minor resistance 156.85 which confirms minor trend reversal, a jump till 158.50 is possible.
- On the lower side any break below 156.20 will drag the pair down till 155/154.50 level.
- Overall bearish invalidation only above 160.
It is good to buy around 156.90-95 with SL around 156.20 for the TP of 158.70
