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- Major Resistance - 161.40 (trend line joining 162.43 and 162.22)
- Major Support - 160.70
- The pair has broken major resistance 161.40 and jumped till 161.57. It is currently trading around 161.45.
- Short term trend is slightly bullish as long as support 160.70 holds.
- On the higher side break above 161.40 will drag the pair till 162.50/163/164.50.
- Intraday weakness can be seen only below 160.70 and break below targets 160.30/159.50.
- Short term bullish invalidation below 159.20.
It is good to buy at dips around 161.30-35 with SL around 160.70 for the TP of 162.50/163.90
