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- Major resistance- 1.0660 (Nov 22nd high and also 10- day MA)
- Major support – 1.05180
- The pair has jumped sharply from the low of 1.05180 made yesterday. It has broken minor pschycological resistance 1.0600 and jumped till 1.06146 at the time of writing. It is currently trading around 1.06050.
- Any violation above 1.0660 will take the pair to next level till 1.07450/1.0820 level.
- On the lower side, any break below 1.05800 will drag the pair down till 1.0550/1.05180. Further weakness can be seen below 1.05180.
It is good to buy above 1.0660 with SL around 1.06000 for the TP of 1.0745/1.08180
Resistance
R1-1.0660
R2-1.0745
R3- 1.0820
Support
S1-1.0580
S2-1.0550
S3- 1.0518
