- Major resistance – $470 (26th Apr)
- Major support -$450
- The pair has broken major resistance $470 and jumped till $472 at the time of writing. It is currently trading around $470.99.
- Short term trend is bullish as long as support $450 holds. Any break below $450 will drag the pair down till $440/$435. Overall bullish invalidation only below $435.
- On the higher side break above $470 will take the pair till $504/$538 in short term.
It is good to buy at dips around $465-$468 with SL around $450 for the TP of $504/$538.
The material has been provided by InstaForex Company – www.instaforex.com