Daily Chart: A price rally towards the resistance zone of 1786-1803 is expected to continue



Key Resistance Levels 1767.32 1786.79 1827.58

Key Support Levels     1730.32 1714.27 1696.73


Weekly Technical Analysis:

According to the daily chart, the price is currently trading below 200 sma and is expected to continue rallying towards the resistance zone 1786-1803. Our bullish outlook is supported by 1730.32. The price will sharply decline towards another significant support level of 1714.27 and 1696.37 if 1730.32 is broken. 

Happy Pips!


Disclaimer: This content is strictly for informational purposes only and does not constitute as investment advice.