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- Major resistance - 116
- The pair has retreated after making a high of 115.93 It is currently trading around 114.97.
- 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 minor support is around 114.50/114.20.
- 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
