The pair remains firm following strong rally in past two days that eventually broke above daily cloud and generated another strong bullish signal on Tuesday’s close above 112.24 (Fibo 61.8% of 114.36/108.80 descend. Consolidation below Tuesday’s fresh nearly six-weeks high at 112.46 is so far holding above 112.00 handle, keeping intact more significant daily cloud (currently spanned between 111.82/65 and reinforced by 100SMA) which should ideally contain dips ahead of fresh push higher, as bulls eye target at 113.05 (Fibo 76.4% of 114.36/108.80).
Res: 112.24, 112.46, 113.05, 113.35
Sup: 112.00, 111.82, 111.65, 111.46
