Major resistance – 1.003 (55 day H EMA)
The pair has made a high of 1.00317 and declined till 0.99500 level. Intraday trend is bullish as long as support 0.9950 holds.
On the higher side any break above 1.0030 will take the pair till 1.0090/1.0120.
Overall bearish invalidation only above 1.0140.
The pair’s minor support is around 1 and break below targets 0.9950/0.9900.
It is good to buy only above 1.0030 with SL around 0.9980 for the TP of 1.0090/1.0120
The pair has made a high of 1.00317 and declined till 0.99500 level. Intraday trend is bullish as long as support 0.9950 holds.
On the higher side any break above 1.0030 will take the pair till 1.0090/1.0120.
Overall bearish invalidation only above 1.0140.
The pair’s minor support is around 1 and break below targets 0.9950/0.9900.
It is good to buy only above 1.0030 with SL around 0.9980 for the TP of 1.0090/1.0120