Technical indicators have turned . The pair is currently holding above 5-DMA.
We have seen a 'Bullish Bat Pattern' formation on , scope for further upside.
Broadly weaker US dollar , in the wake of downbeat US retail sales and CPI data, keep the recovery intact.
Support levels - 0.7374 (5-DMA), 0.7340 ( ), 0.7329 (May 9 low)
Resistance levels - 0.7428 (23.6% Fib retrace of 0.7749 to 0.7328 fall), 0.7460 ( 20-DMA ), 0.7490 (38.2% Fib and )
Good to go long on dips around 0.74, SL: 0.7340, TP: 0.7460/ 0.75/ 0.7580