The pair had been in an uptrend from AUG 2022 till date the pair at current level is not able to maintain the strength which is indicating a retracement in the pair. The Pair has seen some selling pressure and has taken support at 1.42577 levels, pair closing below this level selling can be expected in the pair.

The Pair is trading below the Fast MA indicating a short term negative trend we can expect the pair to correct toward its 50day MA.

Advice : Sell if the pair closes below the Support.

Selling Opportunity Ahead

KUNAL KAMBLE

Jan 09 2023