• Major resistance- 1.0850 (61.8% retracement of 1.01364 and 0.9965)
   
• Major support – 1
   
• The pair jumped slightly after declining till 0.99961 yesterday.  It is currently trading around 1.00639.
   
• Short term trend is slightly bullish as long as support 1.000 holds.
   
• Any violation above 1.00850 will take the pair to next level till 1.01365 (Jan 16th High)/1.01520 (61.8% retracement of 1.02440 and 0.99965.
   
• On the lower side any close below 1 confirms that jump from 0.9549 till 1.03435 got over and a decline till 0.9950/0.9820 is possible.
  
  It is good to buy on dips around 1.0040-1.0045 with SL around 1.0000 for the TP of 1.0135/1.0150.