Major resistance -1.4000
Major support – 1.3840 ( joining 1.3693 and 1.3780)
The pair has broken minor resistance 1.3900 and jumped till 1.39980. It is currently trading around 1.39510.Break above major resistance confirms major trend reversal , jump till 1.4100/1.414 is possible
Overall trend is slightly as long as support 1.3840 holds. Short term trend reversal only below 1.3880.
Any break below 1.3880 will drag the pair down till 1.3840/1.3800.
It is good to buy at dips around 1.3940-45 with SL around 1.3880 for the TP of 1.3988/1.4080