- Major resistance -0.9950
- The pair has recovered after making a low of 0.9820 and is currently trading around 0.9958. It has also broken major resistance 0.9950 and a short term trend reversal till 1.0030 is possible .
- On the lower side support is at 0.9925 (200 day MA) and break below will drag the pair down till 0.9900/0.9870/0.9850 is possible .
- Overall bullish invalidation only below 0.9800.
It is good to buy at dips around 0.9900 with SL around 0.9850 for the TP of 1/1.0030
The material has been provided by InstaForex Company – www.instaforex.com