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- Major support – 0.9850 (200 day MA)
- The pair has broken major resistance 0.9905 and closed well above that level..It is currently trading around 0.99223.
- The pair has made a high of 0.99277 yesterday and closed at 0.99231.The daily close above 0.9905 confirms the major trend reversal.
- On the lower side, major support is around 0.9850 and any indicative break below 0.9850 targets 0.980/0.9760 (90 day MA)/0.9680 in the short term.
- The major resistance is around 0.9930 and any break above targets 0.9960/1.000/1.00920.
It is good to buy at dips around 0.9860 with SL around 0.9830 for the TP of 0.9905/0.9960
