- Major resistance -80 (trend line joining 80.77 and 80.42).
- The pair has made a high of 79.92 at the time of writing and declined from that level. It is currently trading around 79.60.
- On the lower side, minor support is around 79.50 and any violation below targets 78.65 (Jul 26th low)/78.
- The resistance is around 80 and any break above will take the pair to next level till 80.77/81.25.
- Short term trend reversal only above 82.60.
It is good to sell on rallies around 79.60-79.65 with SL around 80 for the TP of 78.70/78.
R1- 80
R2-80.78
R3-81.25
Support
S1-79.50
S2-78.65
S3-78
