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- Major resistance – 0.7225 (200 4 H MA)
- The pair has broken the minor resistance of 0.7160 (90 4H EMA) and jumped till 0.72147. It is currently trading around0.72105.
- Short-term trend is slightly bullish as long as support 0.7135 holds.
- On the lower side any break below 0.7135 will drag the pair down till 0.7100/0.7080/0.7050.
- Any indicative break above 200 4 H MA will take the pair to next level till 0.7260/0.7320/0.73625.
- Short term weakness only below 0.7050 level.
It is good to buy above 0.7220 with SL around 0.7135 for the TP of 0.7320/0.7360.
R1-0.7225
R2-0.7260
R3-0.7325
Support
S1-0.7135
S2-0.7080
S3-0.7050
