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Intraday trend – Bullish
Major intraday support– 1.080
The pair gained after hitting a low of 1.09512 on Mar 28th, 2022. It has broken high made on Mar 17th 1.11372 and jumped till 1.11455. The jump was mainly due to
Easing geopolitical tension between Russia and Ukraine
Russia said that it will cut back military operations near Kyiv during peace talks
Technical-
Any breach above 1.11500 confirms a bullish trend, a jump to 1.1180/1.1250 is possible.
The immediate support to be watched is 1.0950; any close above will take the pair to 1.09000/1.0800.
Indicators ( 4-hour)
Directional movement index –Bullish
CCI (50) – Bullish
It is good to buy on dips around 1.11425-450 with SL around 1.1050 for a TP of 1.12500.
