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Major support - 1.4200 (trend line joining 1.4350 and 1.42443)
- The pair breaks major support 1.4200 and declined till 1.4193. It is currently trading around 1.42040.
- Short term trend is slightly weak as long as resistance 1.4280 holds.
- On the lower side any break below 1.4200 will drag the pair down till 1.4140/1.40780.
- Overall bearish invalidation only if it closes above 1.4580.
It is good to sell on rallies around 1.4195-1.4200 with SL around 1.4260 for the TP of 1.4080.
