Major support - 0.9630 (trend line joining 0.9493 and 0.9584) The pair has broken major support 0.9630 and declined till 0.9606. It is currently trading around 0.96240. Short term trend is slightly bearish as long as res…
Major support - 0.9630 (trend line joining 0.9493 and 0.9584)
The pair has broken major support 0.9630 and declined till 0.9606. It is currently trading around 0.96240.
Short term trend is slightly bearish as long as resistance 0.9700 holds. Any violation above 0.9700 will take the pair to next level till 0.9760/0.9800.
On the lower side any break below 0.9630 will drag the pair down till 0.9575/0.9500.
Short term trend reversal only below 0.9500 level.
It is good to sell on rallies around 0.9650 with SL around 0.9700 for the TP of 0.9575/0.9500.
