- Pattern Formed- Cup and handle
- Major resistance - 1.00377
- The pair has retreated after making a high of 1.00370. It is currently trading around 0.99710.
- Short term bullishness can be seen only above 1.00400 level.
- On the higher side any break above will take the pair to next level 1.0130/1.01920 ins short term.
- The pair's major support is around 0.9920 and break below targets 0.9870/0.9850 level.
- Short term bullish invalidation only below 0.9850 level.
It is good to buy above 1.00380 with SL around 0.9990 for the TP of 1.0130/1.01920
