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- Major resistance -1.4450 (trend line joining 1.43626 and 1.44074)
- The pair has recovered from yesterday low of 1.4326 and reached till 1. is currently trading around 1.44076.
- The pair is facing major resistance around 1.4450 and any break above confirms minor trend reversal.
- On the higher side any break above 1.4450 will take the pair to next level around 1.4505/1.4570 (161.8% retracement of 1.4149).
- The pair's support is around 1.4370 and break below targets 1.4300/1.4240.
It is good to buy above 1.4450 with SL around 1.4400 for the TP of 1.4500/1.4570.
Major economic data to be watched today
UK Services PMI 09:30 GMT
US ADP Non Farm Employment change 01:15PM GMT
US ISM Non manufacturing PMI 03:00 PM GMT
