The Currency Pair is at a level of being pulled off towards its 50 and 20 MA Lines and can act as a support base before it can be expected to make another movie again. The Immediate support levels look like 74.8400. The RSI seems to be calmed down with Higher Tops making flat peaks. Although RSI Convergence is yet to be seen, don't expect the pair to be too volatile unless some big news bang in.
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Only for Educational Purposes. The author is not responsible for any loss.
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Don't expect the next peak to be as high as the Previous one.
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Expect support at 74.80.
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Today the Support Level have been broken. Now the same can act as Resistance. The next Support level is 74.10
Trade closed: target reached
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Exactly Bounced from Trendline. 74.83 is the First Resistance.