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- Major resistance – 86.95 (trend line joining 87.45 and 87.02)
- Major support -85.50 (7 day EMA)
- The pair has made a high of 86.90 in the morning and slightly declined from that level. It is currently trading around 86.80.
- Short term trend is bullish as long as support 85.50 holds. Any break below 85.50 will drag the pair down till 84.85/84.50 in short term. The minor support is around 86.20/85.80.
- Any violation above 86.95 will take the pair to next level around 87.45/88.75 (200day MA).
It is good to buy around 86.85-86.90 with SL around 85.50 for the TP of 88/88.70
