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- Major support - 114 (20 day MA)
- The pair has recovered after making a low of 114.20 It is currently trading around 114.75.
- Short term trend is weak as long as resistance 116 holds.
- Any break below 114 will drag the pair down till 113.50/112.35 in short term.
- The major resistance is around 116 and break above targets 116.70/117.25.the minor resistance is around 115.25
- Overall bearish invalidation only above 116.
It is good to sell on rallies around 115.10-115.20 with SL around 116 for the TP of 113.50/113
