- Major resistance ? 114.70 (200 4 HMA)
? - Major support ? 113.40
? - The pair has retreated after making a high of 114.27 yesterday. It is currently trading at 113.71.
? - Short term trend is slightly bearish as long as resistance 114.65 holds.
? - On the higher side any break above 114.65 will take the pair to next level ?115.20 (55 day EMA)/116.
? - Any violation below 113.40 will drag the pair till 112.80/112.
? - Overall bullish invalidation only below 111.50.
It is good to sell on rallies around 113.85-90 with SL around 114.65 for the TP of 112.80/112
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