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- Major resistance – 128.50 (trend line joining 128.17 and 128.41)
- Major support - 127.50 (100- HMA)
- The pair has taken support near 100- HMA and jumped till 128.27 at the time of writing. It is currently trading around 128.20.
- On the higher side, any break above trend line resistance 128.50 will take the pair till 129.50/130.
- The major support for the intraday stands around 127.50 and any break below will drag the pair till 126.60/125.80.
It is good to buy on dips around 128 with SL around 127.50 for the TP of 129.50
Resistance
R1-128.50
R2-129.50
R3-130
Support
S1-127.50
S2-126.60
S3- 125.8
