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- Major support -1.4050 (Mar 16th low)
- Minor resistance -1.4100 (trend line joining 1.4120 and 1.4104)
- The pair has once recovered after making a low of 1.40580. it is currently trading around 1.40872.
- The minor resistance is around 1.4100 and slight bullishness can be seen only above 1.4100.
- Any break above 1.4100 will take the pair till 1.4167/1.4200/1.4250.
- Short term bearish invalidation only above 1.4250.
- On the lower side any break below 1.4050 will drag the pair down till 1.4000/1.3970 level.
It is good to buy above 1.4100 with SL around 1.4050 for the TP of 1.4200/1.4245
