There is a slight chance market finds support around 1.4000 levels and trade back above 1.4034 pivotal level.
Buying at the low is a very aggressive approach. We have two more targets on down side first 1.3930 level and below that at 1.3830 to 1.3840
If it starts trading above 1.4076 level then buyers can step in or short covering to move the market higher. We have a resistance at 1.4126
If we take the short side it is better we use the pivotal level for our stop. But first it is better to see how market is going to react around the 14000 levels
Please trade on your own risk. thank you
Buying at the low is a very aggressive approach. We have two more targets on down side first 1.3930 level and below that at 1.3830 to 1.3840
If it starts trading above 1.4076 level then buyers can step in or short covering to move the market higher. We have a resistance at 1.4126
If we take the short side it is better we use the pivotal level for our stop. But first it is better to see how market is going to react around the 14000 levels
Please trade on your own risk. thank you
