- The greenback has renewed selling interest after jumping till 1.01730 level. The temporary top formed this week at 1.0245 will be acting as major resistance and any further bullishness can be seen only above that level.
- Slight trend is looking weak and the pair should break below 1.0600 (Nov 18th low) for further selling. Any break below that level will drag the pair till 1.0020/1.000. the minor support is around 1.0078.
- The pair should break above temporary top at 1.0205 for further jump. Any violation above 1.0205 will take the pair till 1.02260/1.0260.
It is good to sell on rallies around 1.0145-1.015 with SL around 1.0200 for the TP of 1.0060/1.000
The material has been provided by InstaForex Company -