Trend Reversal Level: 1.2480.
Key Support Levels: 1.2630, 1.2600, 1.2540, 1.2460
Key Resistance Levels: 1.2830, 1.3000.
Entry Strategy : Buying dips in an uptrend at suggested key support levels.
Trade Suggestion: This pair is on a bullish run and as we suggested in weekly analysis it made a run to 1.2800 levels. It has finally broken daily bearish trendline. We could see a pull back on this pair to the suggested support levels. We will be looking for that correction. We might see a retest to that broken trendline, it comes at 1.2600 levels. However our weekly analysis still stays valid, please refer to that as well. We will be looking to buy this pair at suggested support levels targeting 1.2830 and 1.3000.
Alternate suggestion: Any breach of our suggested weekly trend reversal level will open up doors targeting towards 1.1875 & 1.1639