The pair got enough support at 200DSma and bounced from there. The pair in todays session is unable to break the previous day high. On the upper side, the pair has a strong resistance at 172.32 (100DSma). A daily close above 172.32 will take the pair towards 173 which is a crucial level for this pair in the short term. A daily closure below 170.47 will drift up to 169.50 and 168.75 in the short term.
For an intraday basis, it has support at 171.40, 171.30 and 171.20. We recommend selling only below 171.
The material has been provided by InstaForex Company - www.instaforex.com
