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Potential Reversal Zone (PRZ) - 187.30 (Trend line joining 184.30 and 185.99).
- The pair has broken trend line support previous week and closed well below that level. This confirms short trend reversal and a decline till 184.40 is possible.
- On the higher side major resistance is around 188 and break above targets 189/ minor support is around 186.40 and below that level will drag the pair till 185.40/184.45 in short term.
It is good to sell on rallies around 186.85-90 with SL around 188 for the TP of 185.80/185.40.
