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- Major trend line – 0.9830 (trend line joining 0.9680 and 0.97596)
- The pair has broken major trend line support 0.9835 and declined till 0.9804 at the time of writing.
- It is currently trading around 0.98050.
- The pair made a temporary top around 0.98941 and started to decline from that level. Short term trend is weak as long as resistance 0.9900 holds.
- On the lower side, major support is around 0.9800 and any indicative break below 0.9800 targets 0.9740/0.9680 in the short term.
It is good to sell on rallies around 0.9835-0.9840 with SL around 0.9900 for the TP of 0.9780/0.9745
