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- Pattern formed- Channel pattern
- Major resistance - 1.4420 (trend line joining 1.43626 and 1.4407)
- Major support -1.4260 (trend line joining 1.4079 and 1.4170)
- The pair has made a high of 1.4413 and started to decline from that level. It is currently trading around 1.43630.
- On the higher side any break above 1.4420 will take the pair to next level around 1.4450/1.4500.
- Cable is facing short term support around 1.4350 and break below will drag the pair further down till 1.4300/1.4270/1.4250 level.
It is good to sell on rallies around 1.4365-1.4370 with SL around 1.4420 for the TP of 1.427
R1-1.4420
R2-1.4450
R3-1.4500
Support
S1-1.4300
S2-1.4270
S3- 1.4250
