The pair gets rejected at a level higher 1.1, these levels represent a broadening top. The pair successfully held the support at 50Wsma and managed to close above 20Wsma. For the short term basis, the pair has strong support at 1.08482 and 1.0815. A weekly close is below 1.0815 only, the pair favors bears. On the higher side, it has strong resistance around 1.1 above this at the 1.1026 1.1050, and 1.1070 levels. On a weekly basis, the price are closed and is trading below the 20Dsma, representing a limited up move this week. When a daily close is above 1.0910, bulls gain more strength to hit the 10942, 1.0956 and 1.0965 levels. On the down side, the pair has support at the 1.0856, 1.0811 and 1.08 levels. When a daily close is below 1.0832, bears will grab the chance to make a lower move to the 1.08 and 1.0770 levels.
Support is at 1.0856, 1.0811, and 1.08.
Resistance is at 1.0910, 1.0942, and 1.0965.
Intraday cmp 1.0888.
The prices are facing strong resistance at 21hrsma or 1.0892. Until it is taken out, bears will have an upper hand. On the down side, it has support at 1.0880 and 1.0873; free fall will trigger below this towards the 1.0856 and 1.0820 levels. On an intraday basis, sellers will mint the money.
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