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On the lower side, major support is around 1.000 level and any break below will drag the pair down till 0.9958 (200- day MA)/0.9900.Any major weakness only below 0.9890.
The near term resistance is around 1.00750 and any violation above targets 1.010/1.0120. Any break above 1.0120 will take the pair to next level till 1.0175/1.0250.
It is good to sell on rallies around 1.0055-60 with SL around 1.0080 for the TP of 0.9958.
