- Pair is currently trading at 9.3919 levels.
- It made intraday high at 9.4018 and low at 9.3865 levels.
- Intraday bias remains neutral till the time pair holds key support levels at 9.3862 marks.
- A daily close below key support levels will drag the parity towards 9.16 marks.
- Alternatively, reversal from key support levels will take the parity back above 9.50 marks.
- Initial support levels are seen at 9.3896, 9.3862 and 9.3759 levels.
- On the other side, key resistance levels are seen at 9.4018, 9.4440 and 9.5213 marks.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
The material has been provided by InstaForex Company – www.instaforex.com