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- Major support – 0.9860 (21- day MA)
- The pair declined slightly below 21- day MA and started to recover from that level. It is trading around 0.98934.
- Short term trend is weak as long as temporary top 1.000 holds. Any violation above 1.0000 confirms further bullishness, a jump till 1.0040/1.0090 is possible. The minor resistance is around 0.9915 (10- day MA)/0.9960.
- On the lower side, support stands at 0.9860 and any indicative close below targets 0.9780 (200- day MA)/0.9715 (61.8% retracement of 0.9537 and 0.9998).
- Short term reversal only above 1.000.
It is good to buy on dips around 0.9890 with SL around 0.9855 for the TP of 0.9960/1.00
