The pair hit the 20DSma and closed below that in yesterday's session. In today's session, the pair was rejected at 20DSma again and moving to lower levels. As of now, the pair has made a 137.14; in Asia's session, it got rejection there from 20DSma at the 137.15 level. The pair has support at the 136.76, 136.60 and 136.36 levels for an intraweek basis. As we recommended in yesterday's session, "selling on every rise" mints good money. The pair will have strong resistance at 137.65 in the short term.
Support is at 136.76, 1.36.60, and 136.36.
The pair was rejected from 34hr sma in yesterday's session. For an intraday basis, the pair has a strong support between the 136.76-136.81 levels. Breaking below these, it can extend its fall up to the 136.60, 136.36, and 136.18 levels. Until the h4 candle closes above 137.20, sell on an up move.
The material has been provided by InstaForex Company - www.instaforex.com
