Major support - 1.08250 (Resistance turned into Support)
The pair has made a high of 1.0980 and started to retreat from that level. It is currently trading at 1.08340.
Any break below 1.08250 will drag the pair down till 1.0800/1.0750/1.0700.
Overall trend reversal only above 1.100 level. Above 1.100 it will take the pair to next level 1.10350/1.1070/1.1100.
The pair’s minor resistance is around 1.08650 and break above targets 1.0900/1.09500/1.09800.
It is good to sell only below 1.08250 with SL around 1.0870 for the TP of 1.0760/1.0700
The pair has made a high of 1.0980 and started to retreat from that level. It is currently trading at 1.08340.
Any break below 1.08250 will drag the pair down till 1.0800/1.0750/1.0700.
Overall trend reversal only above 1.100 level. Above 1.100 it will take the pair to next level 1.10350/1.1070/1.1100.
The pair’s minor resistance is around 1.08650 and break above targets 1.0900/1.09500/1.09800.
It is good to sell only below 1.08250 with SL around 1.0870 for the TP of 1.0760/1.0700