- Major resistance - 1.4265 (trend line joining 1.46680 and 1.45780 and 200 day 4H MA)
- The pair has retreated after making a high of 1.4248. It is currently trading around 1.41930.
- Short term trend is slightly weak as long as resistance 1.4260 holds.
- On the lower side minor support is around 1.4175 and break below targets 1.4100/1.4045.
- Any break above trend line resistance confirms minor trend reversal, a jump till 1.4300/1.4400 is possible.
It is good to sell on rallies around 1.4175-4180 with SL around 1.4265 for the TP of 1.4045/1.4000
R1-1.4180
R2-1.4265
R3-1.4300
Support
S1-1.4100
S2-1.4040
S3-1.4000
