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- Major resistance - 1.0170 (trend line joining 1.01980 and 1.01894)
- The pair has broken major resistance 1.0170 and jumped till 1.02250. It is currently trading around 1.0200.
- Short term trend is bullish as long as support 1.0140 (7 day EMA) holds. Any break below 1.0140 will drag the pair down till 1.0100/1.005.
- On the higher side resistance is around 1.0225 and break above 1.0225 will take the pair till 1.0255/1.0300/1.0335.
It is good to buy at dips around 1.0190 with SL around 1.0140 for the TP of 1.0255/1.0300
