- Pair is currently trading at 0.9875 marks.
- It made intraday high at 0.9885 and low at 0.9854 levels.
- Intraday bias remains neutral till the time pair holds key resistance at 0.9888 levels.
- A daily close above 0.9884 is required to confirm the bullish trend.
- The key resistance levels falls at 1.0073 levels.
- Alternatively, reversal from 0.9885 will take the parity back again 0.96 marks.
- Initial resistance levels are seen at 0.9885, 0.9972 and 1.0073 marks.
- On the down side, key support levels are falls at 0.9714, 0.9661 and 0.9475 levels.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
