The pair is moving between the sidelines of 1.0955-1.1090. In Asia, the pair is trading at the level of 1.1096. As of now, the pair has been unable to cross the Friday's high, making lower highs formation. In the bullish front the pair is trading above all short- and medium-term moving averages. Further movement in the price action will take place only after a breakout happens either side. On the lower side, 1.1073, 1.1036, and 1.0955 are possible targets until the price gives a breakout to the upside. Major weakness is only below 1.0910 towards 1.0750 and 1.0645. On the upside, if the pair gives a breakout (flag pattern), the next possible targets will be at the level of 1.2195.

Intraday

S1 1.1089 R1 1.1111

S2 1.1079 R2 1.1131

S3 1.1041 R3 1.1154

Recommendation-

Sell below 1.1075, target is 1.1044

Buy with sl 1.10798, targets at 1.1224 and 1.1468.