- Major resistance – 128.50 (trend line joining 128.17 and 128.41).
- Major support - 127.95 (21-4 HMA)
- The pair has jumped sharply after declining till 127.07. It is currently trading around 128.22.
- On the higher side, any break above trend line resistance 128.50 will take the pair till 129.50/130.
- The major support for the intraday stands around 127.50 and any break below will drag the pair till 126.60/125.80.
It is good to buy above 128.50 with SL around 127.90 for the TP of 129.50/130
