Major support -1.1050 (200 day MA and also 1.13% retracement of 1.10865 and 1.13350)
Major resistance – 1.11500
On the higher side major resistance is around 1.1150 and break above targets 1.1200/1.12450.
Any break below 1.1050 confirms minor trend reversal, a decline till 1.100/1.0920 is possible
It is good to sell below 1.1050 with SL around 1.1100 for the TP of 1/1.0920
Major resistance – 1.11500
On the higher side major resistance is around 1.1150 and break above targets 1.1200/1.12450.
Any break below 1.1050 confirms minor trend reversal, a decline till 1.100/1.0920 is possible
It is good to sell below 1.1050 with SL around 1.1100 for the TP of 1/1.0920
