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Pair is just supported below major resistance level at $1122 level.
- It is currently trading at $1120 levels and made intraday low at $1118 levels.
- Downside correction is expected below $1122 levels.
- If pair holds and stabilizes above $1122 levels then next expected level will be $1127, $1132 and $1152 thereafter.
- Alternatively reversal from this level may take the parity again below $1110.
- Important support levels are seen at $1117, $1112 and $1108.
