- Major support – 1.7180 -1.7190 (Apr 21st low and 50- day MA).
- The pair took support near 50 –day MA and shown a minor jump till 1.73728 on May 30th 2017. The upside capped by 5 DMA and once again declined below 50 – day MA today. It is currently trading around 1.7260.
- On the lower side, any break below 1.7190 will drag the pair till 1.7040 (89 EMA)/1.7000.
- The near term major resistance is around 1.7387 (7- day MA) and any break above will take the pair till 1.7455 (10- day MA)/1.7525 (daily Kijun-Sen). The minor resistance is around 1.72235/1.72995.
It is good to sell on rallies around 1.7225-1.7230 with SL around 1.7300 for the TP of 1.7050.
