- Major support- 1.5690 (trend line joining 1.4957 and 1.5360)
- Trend reversal Level- 1.5660 (200 day HMA)
- The pair has taken support around 1.5705 and started to recover from that level is currently trading around 1.5780.
- Any break below 1.5690 will take the pair down till 1.5660/1.5600.
- On the higher major resistance is around 1.5850 and break above targets 1.5905/1.6000.
It is good to buy at dips around 1.5750-55 with SL around 1.5690 for the TP of 1.5845/1.5905
R1-1.5850
R2-1.5905
R3-1.6000
Support
S1-1.5690
S2-1.5660
S3- 1.5600
