- Major support - 86.83 (trend line joining 84.57 and 85.96).
- Major resistance – 87.65 (200- H MA).
- The pair has broken major trend line support at 86.83 and declined till 86.56. It is currently trading around 86.65.
- Any break below trend line support confirms minor weakness, decline till 85.95/84 is possible.
- On the higher side, 200 HMA will be acting as major intraday resistance and any break above will take the pair to next immediate resistance at 88.20/88.65.
- Short term trend reversal only above 88.65.
It is good to sell on rallies around 86.70-86.80 with SL around 87.60 for the TP of 85.95/84.
