Major resistance – 1.1076 (200 day MA)
Major support – 1.1060 (21 day MA)
The pair has broken major resistance 1.1076 and jumped till 1.10951. It is currently trading at 1.10870.
Short term trend is slightly bullish as long as support 1.1050 holds.
Any violation below 1.1050 will take the pair to next level till 1.1000/1.0950.
On the higher side, any break above 1.1076 will take the pair to next level till 1.1137/1.11860. the pair should break above 1.11860 for further bullishness.
It is good to buy on dips around 1.1080 with SL around 1.1050 for the TP of 1.1
Major support – 1.1060 (21 day MA)
The pair has broken major resistance 1.1076 and jumped till 1.10951. It is currently trading at 1.10870.
Short term trend is slightly bullish as long as support 1.1050 holds.
Any violation below 1.1050 will take the pair to next level till 1.1000/1.0950.
On the higher side, any break above 1.1076 will take the pair to next level till 1.1137/1.11860. the pair should break above 1.11860 for further bullishness.
It is good to buy on dips around 1.1080 with SL around 1.1050 for the TP of 1.1
