- Major support – 0.9597 (trend line joining 0.9443 and 0.9578)
- Major resistance – 0.9680 (55 4H EMA)
- The pair has broken major trend line support in the morning and declined till 0.95718 at the time of writing. It is currently trading at 0.9645.
- On the downside firm break below 0.9580 confirms rebound from 0.9578 has ended and a further decline till 0.9500/0.9445 is possible.
- The greenback major resistance is at 0.9680 (13th Jun high) and any break above will take the pair to next immediate resistance at 0.9765 (50 % retracement of 0.99508 and 0.95780)/0.9780.
- The price should break above 0.9780 for further bullishness.
It is good to sell on rallies around 0.9590-95 with SL around 0.9680 for the TP of 0.9500/0.9445.
R1-0.9680
R2-0.9745
R3-0.9780
Support
S1-0.9580
S2-0.9500
S3-0.9445
