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- Major resistance -1.10900 (200 day MA)
- Major support - 1.10500 (trend line joining 1.09115 and 1.1002) .
- The pair has broken major support 1.10500 and declined till 1.10243. It is currently trading at 1.10396.
- Any further bullishness only above 1.10900 (200 day MA) and any break above 1.10900 will take the pair to next level at 1.1130/1.1188 (90 day EMA) in the short term.
- On the lower side , any break below 1.1050 targets 1.1000/1.0970/1.0915.
It is good to sell on rallies around 1.1050 with SL around 1.10900 for the TP of 1.100/1.0970.
Resistance
R1- 1.1090
R2-1.1130
R3-1.1180
Support
S1-1.100
S2-1.0970
S3-1.0915
