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- Major support – 1.3218 (trend line joining 1.30785 and 1.31447)
- Major resistance -1.3275 (Jul 20th high)
- The pair breaks major support at 1.3218 and declined till 1.31566 at the time of writing. It is currently trading around 1.31870.
- Any break below trend line support confirms minor weakness, a decline till 1.3100/1.30650 is possible .
- Technically any break above 1.3275 will take the pair till 1.3340.
It is good to sell on rallies 1.3200 with SL around 1.3275 for the TP of 1.3100/1.3065.
R1- 1.3275
R2-1.335
R3-1.3480
Support
S1-1.3150
S2-1.310
S3-1.3065
