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- Major resistance- 1.3260 (trend line joining 1.3358 and 1.32196).
- The pair jumped till 1.326595 at the time of writing. It is currently trading at 1.32440. Any further bullishness can be seen only above 1.3260 level.
- Any break above 1.3260 will take the pair till 1.3310 (23.6% retracement of 1.50186 and 1.27893)/1.3350 (55- day EMA).
- On the lower side major support stands at 1.3160 (4H Tenkan-Sen) and any break below targets 1.3120 (9- day EMA)/1.3050.The minor support is around 1.3200.
It is good to buy above 1.3260 with SL around 1.3200 for the TP of 1.3310/1.3350.
Resistance
R1- 1.3260
R2-1.3310
R3-1.3350
Support
S1-1.3160
S2-1.3120
S3-1.3050
