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- Major resistance- $400 (trend line joining $356 and $383)
- The pair has made a high of $399.85 and slightly declined from that level. Intraday trend is bullish as long as support $378 holds.
- Any break below $378 will drag the pair till $367/$360. Short term trend reversal only below $365.
- On the higher side any break above $400 will take the pair to next level $420/$450.
- Overall weakness only below $340.
It is good to buy above $400 with SL around $377 for the TP of $420/$450.
