At the time of writing the pair is trading at 39.74. (10/22/2020 8:58 AM)
Our Proprietary Composite Strength Meter suggests 70% selling.
The above scenario suggests Range Bound activity in the pair. Traders can buy around support levels with profit booking targets of resistance points. Whereas can sell into resistances for targets of support points
The major resistance levels are = 40.30, 41.30, 43
The major support levels are = 38.70, 37.70
Trend changing point: High of Daily Candle closing above 47.50
Low of 4H Candle closing below 37.50
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