The pair touches exactly the 50DSma in early Asian session. It is testing its fortune for about 2 and half months. The descending trend line is above this; 7-month broken descending triangle support will act as a major hurdle in the near/short term. Until the pair closes above 138.60, selling on an up move will mint money.
Support 137.10
Resistance 137.75
The prices are closed above the hourly key moving averages. The price gave an upside 3-week triangle. On the upside, if the pair manages to trade above 137.70, it can fly up to 138 and 138.40. Safe trades can buy only above the 137.75 levels. On the down side, it found support at the 137.45, 137.25, 137.20, and 137.10 levels. The intra week support existed at the 136.75-136.80 levels.
Safe buy above 137.75.
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