Intraday Major resistance - 1.06750
The pair is consolidating between narrow range 1.0600 and 1.0656. It is currently trading around 1.06330.
Any break above 1.06750 will confirms minor bullishness , a jump till 1.0720 is possible .
Break of 1.0720 will take the pair further till 1.0770/1.0800.
Overall bearish invalidation only above 1.0830.
On the downside major support is around 1.0580 (trend line joining 1.06731 and 1.06168) and break below confirms major trend reversal a decline till 1.0500 is possible .
It is good to sell below 1.0585 with SL around 1.0625 for the TP of 1.0500
or Buy above 1.0675 with SL around 1.0645 for the TP of 1.0720
The pair is consolidating between narrow range 1.0600 and 1.0656. It is currently trading around 1.06330.
Any break above 1.06750 will confirms minor bullishness , a jump till 1.0720 is possible .
Break of 1.0720 will take the pair further till 1.0770/1.0800.
Overall bearish invalidation only above 1.0830.
On the downside major support is around 1.0580 (trend line joining 1.06731 and 1.06168) and break below confirms major trend reversal a decline till 1.0500 is possible .
It is good to sell below 1.0585 with SL around 1.0625 for the TP of 1.0500
or Buy above 1.0675 with SL around 1.0645 for the TP of 1.0720