- Major Resistance – 1.09865 (trend line joining 1.11930 and 1.11737)
- Minor support – 1.0945 (200 day HMA)
- The pair has recovered after making a low of 1.09284 at the time of writing. It is currently trading around 1.09872.
- Any break above 1.09865 will take the pair to next level till 1.1040/1.1070 in short term.
- Short term bearish invalidation only above 1.10880.
It is good to buy above 1.09865 with SL around 1.09450 for the TP of 1.104/1.1070
The material has been provided by InstaForex Company – www.instaforex.com