On the chart, we can see some support and resistance level for this pair. On 28 December, we saw rejection from 123.20 level. This pair is still on bearish momentum since yesterday. On the resistance level, we saw evening star on h4. We can expect more bearish movement on this pair.
Now 121.65 level is acting as support for this pair. If this pair can break this level, we can expect 60-70 pips fall towards another support level at 120.92.
Overall, we can stay on sell mode from near term resistance level.
Now 121.65 level is acting as support for this pair. If this pair can break this level, we can expect 60-70 pips fall towards another support level at 120.92.
Overall, we can stay on sell mode from near term resistance level.
