- Major Resistance -1.00350 (Dec 4th high)
- The pair has once again made a high of 1.00280 and started to decline from that level. Short term trend is still weak as long as resistance 1.00350 holds.
- On the lower side minor support is around 0.9980 and break below targets 0.9945/0.9900 level.
- Any break above 1.00350 will take the pair to next level around 1.00580/1.010.
It is good to sell on rallies around 1.0000 with SL around 1.00350 for the TP of 0.9945/0.9900
The material has been provided by InstaForex Company – www.instaforex.com