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- Major resistance - 162.50 (7 day W EMA)
- Minor support - 161.30
- Major support 160.60 (200 day 4 HMA)
- The pair has retreated after making a high of 162.50. It is currently trading around 161.65.
- Short term trend reversal only above 162.50.
- On the higher side any break above 162.50 will take the pair to next level around 163.50/164.10.
- The pair’s minor support is around 161.30 and break below targets 160.50/160.
It is good to sell on rallies around 161.85-90 with SL around 162.80 for the TP of 160.50/159.50
