The pair has taken support near 1.56 and jumped till 2.25. The major resistance is around 2.40 -2.45(trend line resistance) and break above targets 3.06/3.31.
The major weakness only below 1.60. Break below targets 1.20.
It is good to buy on dips around 2 with SL around 1.60 for the TP of 3.06/3.31
The major weakness only below 1.60. Break below targets 1.20.
It is good to buy on dips around 2 with SL around 1.60 for the TP of 3.06/3.31
Trade active:
The pair is consolidating in narrow range and it should break above 2.25 (38.2% fibo and yesterday high) for further minor jump till 2.50/2.65 (61.8% fibo).The near term major intraday support at 1.75.
