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- Major support – 159.50
- Major intraday resistance – 161.05 (55 day 4 H EMA)
- The pair has broken major support 159.50 and declined till 159.12 It is currently trading around 159.77.
- Any break below 159.50 confirms major trend reversal, a decline till 158/156.47 is possible.
- On the higher minor bullishness only above 161.05 and break above targets 161.78/162.50 in short term.
- Overall bearish invalidation only above 164.25. Break above targets 165/166.06
It is good to sell around 160-160.20 with SL around 161.05 for the TP of 158/156.50
R1-160.50
R2-161.05
R3- 162.50
Support
S1-159.50
S2-158.
S3-156.50
