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- Major resistance - 163.22 (127% retracement of 162.43 and 159.48)
- Major support - 160.80
- The pair has made a high of 162.99 and started to retreat from that level. Short term trend is bullish as long as support 160.80 holds.
- On the higher any break above 163.22 will take the pair to next level 164.25/ resistance is at 162.50
- The pair is facing major support around 160.80 and break below targets 159.80/159.20 ins short term.
- Further weakness only below 159.20.
It is good to buy at dips around 161.80-85 with SL around 160.80 for the TP of 163.20/164.25
R1-163.25
R2-164
R3-166
Support
S1-160.80
S2-159.80
S3-159.20
