Looking at today’s chart, June 4, 2015, the pair has been making some considerable strong attempts to retrace to the downside without any success though. The major resistance level for today’s session is 1.4040.
In the scenario where the price drops, bears could lock their profits either at 1.3806 and 1.3655 respectively. All stop losses can be placed at 1.4109.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.