• Major resistance – 1.66760 (trend line joining 1.67922 and 1.6745).
   
• Major support – 1.6480
   
• The pair has recovered from the low of 1.64861 and jumped till 1.66151. It is currently trading around 1.65980.
   
• Short term trend is still bearish as long as resistance 1.66750 holds. Any violation above 1.66750 will take the pair to next level till 1.6740/1.67922. The minor resistance is around 1.6620 level.
   
• On the lower side, any break below 1.6550 (7- day MA) and any break below targets 1.6535/1.64860 (yesterday low).
  
  It is good to sell on rallies around 1.6600 with SL around 1.6675 for the TP of 1.6485/1.6398