- Major support – 2.030 (Dec 3rd 2015 high)
- The pair has broken major support 2.030 which confirms short term weakness , decline till 1.9800 is possible.
- On the higher side major resistance is around 2.070 and break above targets 2.095/2.1200 level.
- Overall bearish invalidation only above 2.1250.
It is good to sell on rallies around 2.040 with SL around 2.075 for the TP of 2/1.9845
R1-2.070
R2-2.095
R3-2.125
Support
S1-2.030
S2-2
S3- 1.9800
The material has been provided by InstaForex Company – www.instaforex.com