Upside has paused shy of major resistance at 0.8970 (falling ).
Technical studies are biased higher and we see scope for further upside on break above .
is strong around 64 levels and biased higher. Stochs show momentum. We see +ve DMI dominance and also supports upside.
Break above 0.8970 ( ) raises scope for test of 61.8% Fib at 0.9069.
On the flipside, 5-DMA at 0.8925 is immediate support. Break below could test 200-DMA at 0.8887. Violation at 200-DMA invalidates bias.
Support levels - 0.8925 (5-DMA), 0.8887 ( 200-DMA ), 0.8863 ( 20-DMA )
Resistance levels - 0.8970 ( ), 0.90, 0.9014 (Nov 15 high), 0.9070 (61.8% Fib retrace of 0.9306 to 0.8686 fall)
Good to go long on breakout at resistance at 0.8970, SL: 0.89, TP: 0.90/ 0.9070/ 0.91.