Intraday bias - neutral
Technicals-
The pair is trading below 34- and 55 EMA in the hourly chart. The resumption of a major downtrend will happen if it breaks below 188.
The near-term resistance is around 189.20, a breach above targets 189.50/190/190.50/191.20. The immediate support is at 188, any violation below will drag the pair to 187.35/186.60.
Indicator (hourly chart)
CCI (14)- Bearish
CCI (50)- Bearish
Average directional movement Index - neutral.
All indicators confirm the mixed trend.
It is good to buy on dips around 188.28-30 with SL around 187.70 for TP of 189.20/189.50.
