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- Major resistance - 1.0040
- Major support - 0.9950
- The pair has retreated after making a high of 1.00370. It is currently trading around 1.0029. Short term trend is slightly bullish as long as support 0.9950 holds.
- On the higher side any break above 1.0040 will take the pair till 1.00725/1.01300.
- Major support is around 0.9950 and break below targets 0.9850/0.9780.
- Overall bullish invalidation only below 0.9780.
It is good to buy around 1.000 with SL around 0.9945 for the TP 1.00725/1.0125.
R1-1.00350
R2-1.00725
R3-1.0125
Support
S1-0.9945
S2- 0.9900
S3-0.9850
