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- Major support -84.16 (trend line joining 82.77 and 83.67)
- Major resistance – 85
- The pair has taken support around trend line and recovered from that level. It is trading around 84.86.
- Short term trend is bullish as long as support 84.10 holds.
- Any break below 84.10 will drag the pair down till 83.65/82.85.
- On the higher side any break above 85 will take the pair to next level till 85.50/86.25 in short term.
- Overall bearish invalidation only above 86.25 level.
It is good to buy at dips around 84.75-84.80 with SL around 84.10 for the TP of 85.50/86.25
