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- Major resistance- 0.7160 (trend line joining 0.7255 and 0.7208)
- Major support - 0.7030 (May 16th low)
- The pair has broken major resistance 0.7160 and jumped till 0.72078.It is currently trading around 0.71893.
- Short term trend is slightly bullish as long as support 0.7140 (90 4H EMA) holds.
- On the lower side, any break below 0.7140 will drag the pair down till 0.7099 (61.8% retracement of 0.7030 and 0.72078)/0.7030/0.7000
- The pair’s minor resistance is around 0.7210 (90 4H EMA) and any violation above 0.7210 will take the pair to next level at 0.7255/0.7030.
It is good to buy around 0.7180-85 with SL around 0.7140 for the TP of 0.7255/0.7300
