Major support -1.1050 (200 day MA and also 1.13% retracement of 1.10865 and 1.13350)
Intraday major support -1.10800 (trend line joining 1.11280 and 1.1059)
Major resistance – 1.11500
The pair ahs made a low of 1.10710 yesterday and slightly recovered form that level. It is currently trading around 1.10865.
Any break below intraday major support will drag the pair till 1.1050/1.1000/1.0920 level.
On the higher side major resistance is around 1.1150 and break above targets 1.1200/1.12450.
It is good to sell on rallies around 1.1080-1.1085 with SL around 1.1150 for the TP of 1.1000/1.0920
Intraday major support -1.10800 (trend line joining 1.11280 and 1.1059)
Major resistance – 1.11500
The pair ahs made a low of 1.10710 yesterday and slightly recovered form that level. It is currently trading around 1.10865.
Any break below intraday major support will drag the pair till 1.1050/1.1000/1.0920 level.
On the higher side major resistance is around 1.1150 and break above targets 1.1200/1.12450.
It is good to sell on rallies around 1.1080-1.1085 with SL around 1.1150 for the TP of 1.1000/1.0920
