- The pair has made a high of $466 and declined till $425 from that level. It is currently trading around $438.
- Short term trend is still bullish as long as support $425 holds.
- Any close above major resistance $465 confirms minor trend reversal a jump till $480/$502 is possible. Intraday trend reversal can be seen only below $425.
- On the lower side below $425 will drag the pair to next level $400/$ trend reversal only below $380.
It is good to buy at dips around $435-440 with SL around $425 for the TP of $465/$480
The material has been provided by InstaForex Company – www.instaforex.com