Major resistance – 160.90 (trend line joining 167.63 and 166.08)
Major support – 159.25
The pair has slightly retreated after making a high of 161 at the time of writing. It is currently trading at 160.73.
On the higher side any break above 160.90 will take the pair to next level 162/163.95 ins short term.
The pair’s minor support is around 160 and break below targets 159.25/158.50
Short term bearish invalidation only above 164.
It is good to buy above 160.90 with SL around 159.80 for the TP of 162/163.95
Major support – 159.25
The pair has slightly retreated after making a high of 161 at the time of writing. It is currently trading at 160.73.
On the higher side any break above 160.90 will take the pair to next level 162/163.95 ins short term.
The pair’s minor support is around 160 and break below targets 159.25/158.50
Short term bearish invalidation only above 164.
It is good to buy above 160.90 with SL around 159.80 for the TP of 162/163.95
