Its having a lot of selling pressure and due to some dumb reasons bulls are not stepping in. It was very much hilarious to see how it kept on bouncing from 1.07 level. Anyways please keep in mind the following levels for any trade set up today.
20th Feb
DH - 1.07045
DL- 1.06701
21ST FEB
PIVOT - 1.0686
R1-1.0703, S1- 1.0668
R2-1.0721, S2- 1.0652
R3- 1.0755, S3- 1.0618
* Needs to move though 1.0668 and pivot to target 1.0703 and 1.07045.
* Return to 1.07 Level will give a bullish signal
* Failure to move through S1 and Pivot can bring it down to 1.0652
* Levels below 1.06 shall be avoided to avoid major sell off
* 1.0618 level shall limit the sell off
* A move through 1.0668 would support the breakthrough from 1.0703 and 1.07057 and can give a bull run to 1.0721 and 1.07305
* Failure to move through 1.07057 can bring it down to the support levels.
IF YOU LIKE OUR WORK PLEASE SUPPORT US WITH LIKES AND FOLLOW. THANKS
20th Feb
DH - 1.07045
DL- 1.06701
21ST FEB
PIVOT - 1.0686
R1-1.0703, S1- 1.0668
R2-1.0721, S2- 1.0652
R3- 1.0755, S3- 1.0618
* Needs to move though 1.0668 and pivot to target 1.0703 and 1.07045.
* Return to 1.07 Level will give a bullish signal
* Failure to move through S1 and Pivot can bring it down to 1.0652
* Levels below 1.06 shall be avoided to avoid major sell off
* 1.0618 level shall limit the sell off
* A move through 1.0668 would support the breakthrough from 1.0703 and 1.07057 and can give a bull run to 1.0721 and 1.07305
* Failure to move through 1.07057 can bring it down to the support levels.
IF YOU LIKE OUR WORK PLEASE SUPPORT US WITH LIKES AND FOLLOW. THANKS