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- Major resistance -1.02430 (55 day H EMA)
- The pair has recovered after making a low of 1.01794 and is currently trading around 1.02344.
- Overall trend is bullish as long as support 1.0140 holds. Any break below 1.0140 will drag the pair further down till 1.0100/1.00500.
- On the higher side any break above 1.0243 will take the pair to next level at 1.0300/1.03280.
It is good to buy at dips around 1.0200 with SL around 1.0140 for the TP of 1.0305/1.03280
R1-1.02345
R2-1.0300
R3-1.03280
Support
S1- 1.0180
S2-1.0140
S3-1.0050
