Major resistance- 1.0660 (Nov 22nd high)
Minor support – 1.0580
The pair has jumped sharply from the low of 1.05180 made on Nov 24th 2016 and also broken major resistance at 1.0660 and jumped till 1.06855 at the time of writing. It is currently trading around 1.06535.
Any violation above 1.0660 will take the pair to next level till 1.07450/1.0820 level.
On the lower side, any break below 1.05800 will drag the pair down till 1.0550/1.05180. Further weakness can be seen below 1.05180.
It is good to buy on dips around 1.06500 with SL around 1.05800 for the TP of 1.0745/1.08195
Minor support – 1.0580
The pair has jumped sharply from the low of 1.05180 made on Nov 24th 2016 and also broken major resistance at 1.0660 and jumped till 1.06855 at the time of writing. It is currently trading around 1.06535.
Any violation above 1.0660 will take the pair to next level till 1.07450/1.0820 level.
On the lower side, any break below 1.05800 will drag the pair down till 1.0550/1.05180. Further weakness can be seen below 1.05180.
It is good to buy on dips around 1.06500 with SL around 1.05800 for the TP of 1.0745/1.08195