Major Support - 1.3125 (200- H MA)
The pair is trading high for fifth consecutive days and has jumped more than 250 pips from the low of 1.29575 made on Jul 19th 2018. It hits high of 1.32132 and is currently trading around 1.31837.
Intraday trend is bullish as long as support 1.3125 holds. Any break below 1.3125 will drag the pair down till 1.3070/1.3000. Any break below 1.2950 confirms further weakness.
The near term resistance is around 1.3210 (61.8% fibo) and any break above will take the pair to next level till 1.3260/1.3310. Any close above 1.3300 confirms further bullishness.
It is good to buy on dips around 1.3170-75 with SL around 1.3125 for the TP of 1.3300.
The pair is trading high for fifth consecutive days and has jumped more than 250 pips from the low of 1.29575 made on Jul 19th 2018. It hits high of 1.32132 and is currently trading around 1.31837.
Intraday trend is bullish as long as support 1.3125 holds. Any break below 1.3125 will drag the pair down till 1.3070/1.3000. Any break below 1.2950 confirms further weakness.
The near term resistance is around 1.3210 (61.8% fibo) and any break above will take the pair to next level till 1.3260/1.3310. Any close above 1.3300 confirms further bullishness.
It is good to buy on dips around 1.3170-75 with SL around 1.3125 for the TP of 1.3300.