- Major support -1.3847 (200 day MA)
- The pair has made a low of 1.3835 and slightly recovered from that level. Short term trend is still bearish as long as resistance 1.3900 holds.
- Any break above 1.3900 will take the pair to next level 1.3960/1.4000.
- On the lower side any break below 1.38470 will drag the pair further down till 1.3806/1.3740
It is good to sell on rallies around 1.3860-65 with SL around 1.3905 for the TP of 1.3805/1.3740
The material has been provided by InstaForex Company – www.instaforex.com