- Minor Trend line resistance – 138.90 (trend line joining 140.45 and 139.34)
- The pair has broken minor resistance at 138.90 and slightly jumped till 139.25 at the time of writing. It is currently trading at 139.10.
- The intraday trend is slightly bullish as long as 138.60 (21 HMA) holds.
- Any violation below 138.60 will drag the pair down till 138.34/137.80.
Indicators (Hourly chart)
CCI (50) –Buy
ADX – Buy
It is good to buy at dips around 139-139.10 with SL around 138.60 for the TP of 140.45/141.29
