The pair slides to a fresh 2-year low at 1.2235 after corrective move off 1.2255, previous low, stalled on approach to 1.2260 barrier, as 55 day EMA limited gains. Overall picture keeps negative tone, as the pair broke below daily triangle support at 1.2430 and sees test of 1.2200 and 1.2150 downside targets as likely short-term scenario. However, daily MACD bullish divergence, does not rule out stronger corrective action. Key barrier lies at 1.2400 zone and break here is required to improve short-term structure.
Res: 1.2300, 1.2320, 1.2333, 1.2363
Sup: 1.2251, 1.2235, 1.2200, 1.2150
Maintains near-term positive tone off 1.5460, last Friday’s low, as gains tested initial barrier at 1.5450 so far. Yesterday’s dip to 1.5477, where bull trendline off 1.5460 contained, was followed by quick recovery above 1.5500 mark, keeping the upside in focus for now. However, failure to clear strong 1.5550/60 barrier, would risk further sideways movements. Hourly indicators are in neutral mode, while 4H ones are gaining momentum. Still negative situation on the daily chart requires regain of 20 day MA at 1.5600 to confirm base at 1.5460 zone, otherwise, loss of the latter to risk extension to 1.5400 initially.
Res: 1.5550, 1.5560, 1.5600, 1.5621
Sup: 1.5500, 1.5488, 1.5477, 1.5460
The pair maintains near-term negative structure after upside rejection at 80.00 and slide through 79.60/40 support, testing levels close to range bottom. Near-term support was found at 79.20, but upside remains protected at 79.50, reinforced by descending 20 day EMA that keeps strong support zone and range floor at 79.00 zone in near-term focus.
Res: 79.50, 79.76, 80.00, 80.21
Sup: 79.20, 79.12, 79.00, 78.94
Resumes short-term bulls to post marginally fresh high above 0.9800, as two-day corrective/consolidative phase found ground at 0.9740 zone. Toppish 4-hour outlook, however, makes the price struggling to clearly break 0.9800 handle, with hourly indicators started to point lower, as the price slides under 20 day EMA, below 0.9800. Risk would be seen on loss of 0.9740 support that would trigger fresh weakness towards 0.9720/00 and more significant 0.9670 breakpoint. On the upside, sustained break above 0.9800, will signal fresh bulls and expose 0.9900 next.
Res: 0.9800, 0.9813, 0.9850, 0.9900
Sup: 0.9736, 0.9713, 0.9700, 0.9683