Major resistance – 1.13060 (200 4 H MA)
Major support – 1.12670
The pair has taken support near 90 day EMA yesterday and jumped till 1.13028. It is currently trading at 1.12862.
Intraday trend is lightly 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
Major support – 1.12670
The pair has taken support near 90 day EMA yesterday and jumped till 1.13028. It is currently trading at 1.12862.
Intraday trend is lightly 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
