- Major resistance- 0.7202 (90 day EMA)
- Major support - 0.7140 (21 day MA)
- The pair has broken major resistance 0.702 (90 day EMA) and jumped till 0.72287.It is currently trading around 0.72213.
- Short term trend is slightly bullish as long as support 0.7140 (21 day MA) 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
- Any violation above 0.7202 will take the pair to next level at 0.7255/0.703174 (50% retracement of 0.75974 and 0.70323)/0.7380.
It is good to buy around 0.7200 with SL around 0.7140 for the TP of 0.7255/0.7315/0.7380
R1-0.7220
R2-0.7255
R3-0.73174
Support
S1-0.7140
S2-0.7099
S3-0.7030
