In yesterday's session, the pair took support at 1.09 levels and again flew to 1.0938 levels. Today in Asia's session, the pair opened with the support of yesterday's closing rate and is looking a bit strong enough. But on a broader picture, we recommend buying only above 1.0960 levels. The trading pattern is framed between 1.0960-1.09. On the down side, if it hits the support, it can extend its fall up to 1.0877 and 1.08520. In the daily chart, the Stochstics is indicating a sell signal. Risky traders can sell with sl 1.0960 on a daily closing basis.
Intraday cmp 1.0942
The prices are closing above the key hourly moving averages. We recommend selling either at cmp or below 1.0927 levels for a target at 1.0911 and 1.09. The pair will face selling pressure below 1.09 towards 1.0885, 1.0877 and 1.08 levels.
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