Major resistance -1.10900 (200 day MA)
Major support - 1.10500 (trend line joining 1.09115 and 1.1002)
The pair has broken major support 1.10500 and declined till 1.10243. It is currently trading at 1.10396.
Any further bullishness only above 1.10900 (200 day MA) and any break above 1.10900 will take the pair to next level at 1.1130/1.1188 (90 day EMA) in the short term.
On the lower side , any break below 1.1050 targets 1.1000/1.0970/1.0915.
It is good to sell on rallies around 1.1050 with SL around 1.10900 for the TP of 1.100/1.0970
Major support - 1.10500 (trend line joining 1.09115 and 1.1002)
The pair has broken major support 1.10500 and declined till 1.10243. It is currently trading at 1.10396.
Any further bullishness only above 1.10900 (200 day MA) and any break above 1.10900 will take the pair to next level at 1.1130/1.1188 (90 day EMA) in the short term.
On the lower side , any break below 1.1050 targets 1.1000/1.0970/1.0915.
It is good to sell on rallies around 1.1050 with SL around 1.10900 for the TP of 1.100/1.0970
