Looking at today’s chart, June 4, 2015, the pair has been making some strong attempts to retrace downwards without any success though. The major resistance zone for today’s session is 140.25
In the scenario where the price decelerates, sellers could lock their profits either at 137.06 and 135.04 respectively. All stop losses can be placed at 141.15.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.