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- Major support – 0.9635 (Jul 29th low).
- Major resistance – 0.9770 (90 day EMA).
- The pair has retreated sharply after making a high of 0.97590. It is currently trading around 0.96484.
- On the lower side, major support is around 0.9635 and any violation below 0.9635 will drag the pair down till 0.9575/0.9530/0.9500.
- The minor resistance is around 0.9735 and any break above targets 0.9770/0.9800.
- The pair should close above 0.9850 for further bullishness.
It is good to sell on rallies around 0.9680 with SL around 0.9740 for the TP of 0.9630/0.9575
Resistance
R1- 0.9735
R2-0.977
R3-0.9845
Support
S1-0.9630
S2-0.9575
S3-0.9530
