- Major resistance – 1.13060 (200 4 H MA)
- Major support – 1.12670 (4 H Tenkan-Sen)
- The pair has taken support near 90 day EMA yesterday and jumped till 1.13028. It is currently trading at 1.12862.
- The intraday trend is slightly weak as long as resistance 1.1325 (4H Kijun-Sen) holds. Any break above targets 1.13650/1.1400 level.
- On the lower side any break below 1.12670 will drag the pair down till 1.1220/1.1150/1.1100 in the short term. Extreme weakness can be seen only below 1.1100 level.
It is good to sell below 1.12670 with SL around 1.1325 for the TP of 1.1200/1.1150
The material has been provided by InstaForex Company – www.instaforex.com