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- Major support – 1.0900 (161.8% retracement of 1.14155 and 1.0971).
- Major resistance – 1.1100 (200 day MA)
- The pair has broken major support 1.1000 and declined till 1.09119 after Britain vote to leave EU.
- It is currently trading around 1.10276. Short term trend is weak as long as resistance 1.1100 holds.
- Any break above 1.1100 will take the pair to next level till 1.1175/1.1235 (61.8% retracement of 1.14278 and 1.109119).
- On the lower side any break below 1.1000 will drag the pair down till 1.0834 (61.8% retracement of 1.10852 and 1.09119).
It is good to sell on rallies around 1.1035-1.1040 with SL around 1.1100 for the TP of 1.0901/1.08035.
