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- Potential reversal Zone -122.80 (trend line joining 120.25 and 122.22)
- The pair has broken this level and declined till 122.62 and is currently trading around 122.75
- Intraday trend is positive as long as resistance 123.20 holds.
- Any break above 123.20 will take the pair to new level 123.75/124.15.
- On the downside support is at 122.48 and break below targets 122/121.50.
It is good to sell on rallies around 122.85-90 with SL around 123.21 for the TP of 122/121.50.
R1-123.20
R2-123.60
R3-124.15
Support
S1- 122.48
S2-122
S3-121.50
