Pair is currently trading at 2.1732 levels. It made intraday high at 2.1808 and low at 2.1635 levels. Since the beginning of the year, pair is consolidating in between 2.23 to 2.15 marks. Intraday bias remains neutral fo…
It made intraday high at 2.1808 and low at 2.1635 levels.
Since the beginning of the year, pair is consolidating in between 2.23 to 2.15 marks.
Intraday bias remains neutral for the moment.
While looking at the intraday chart, pair is likely to fall further but downside is limited.
Key support falls at 2.1476 level and 2.0043 thereafter.
A daily close below 2.1550 is required to confirm the bearish bias.
On the top side key resistance level are seen at 2.1997 and 2.2312 marks.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
