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- Major Intraday support -1.3100 (trend line joining 1.2857 and 1.30024)
- The pair has retreated after making a high of 1.32186. It is currently trading around 1.31469.
- Intraday trend is slightly bullish as long as support 1.3100 holds. Any break below 1.3100 will drag the pair down till 1.3060/1.3000.
- On the higher side major resistance is around 1.3150 and break above targets 1.3220/1.3280/1.3310.
- Overall bearish invalidation can happen if it closes above 1.3400.
It is good to buy at dips around 1.3145-1.3150 with SL around 1.3100 for the TP of 1.3215/1.3270/1.3300.
