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- The pair has broken major support 1.0050 and declined till 0.9980. It is currently trading around 1.0009.
- Short term trend is slightly weak as long as resistance 1.008 holds
- On the lower side major support is around 0.9980. Any break below 0.9980 will drag the pair down till 0.9950/0.9920.
- On the higher side resistance is around 1.008 and break above 1.008 will take the pair till 1.01500/1.0200.
It is good to sell on rallies around 1.0015-1.0020 with SL around 1.0080 for the TP of 0.9920
