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- Major resistance -1.10670 (7- day EMA).
- Major support – 1.09900 (trend line joining 1.108217 and 1.09115).
- The pair breaks major trend line support 1.09850 and declined till 1.09638 at the time of writing.
- Short term trend is bearish as long as resistance 1.10580 holds.
- On the lower side support stands at 1.0950 (Jul 26th low) and any break below that level will drag the pair till 1.0900/1.08350 in the short term.
- The pair’s immediate resistance stands at 1.10670 and any break above will take the pair to next level 1.1100/1.1170 (200- day MA).
It is good to sell on rallies around 1.100 with SL around 1.10670 for the TP of 1.0910/1.0835
