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- Major support – 0.9630 (trend line joining 0.91136 and 0.9257)
- The pair has broken minor support 0.9680 and declined till 0.96432 at the time of writing. It is currently trading around 0.96516.
- Short term trend is slightly bullish as long as support 0.9630 holds.
- Any break below 0.9630 will drag the pair down till 0.9580/0.9530 in short term.
- On the higher side any trend reversal can happen only above 0.9800.
- The minor resistance is around 0.9680 and break above targets 0.9720/0.9750/0.9780 level.
- MACD- Bullish Divergence
It is good to buy at dips around 0.9635 with SL around 0.9600 for the TP of 0.9680/0.9725
R1-0.9680
R2-0.9755
R3- 0.9800
Support
S1-0.9630
S2-0.9580
S3-0.9525
