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Pair is currently trading at day's low around $1.4410 levels.
- It made intraday high at $1.4438 and low at $1.4409 levels.
- Intraday bias remains bearish below $1.4546 levels.
- A break of $1.4546 will drag the parity towards $1.4700 mark.
- On the down side major support falls at $1.4364 levels.
- A daily close below major support levels will take the parity at $1.4100 marks.
- Initial support levels are seen at $1.4400, $1.4364 and $1.4229 levels.
- On the other side, resistance levels are seen at $1.4439, $1.4546 and $1.4590 levels.
We prefer to take short position around $1.4425, stop loss $1.4546 and target $1.4229 levels.
