Found good support just ahead of 1.4520 level Thursday last week and basically bullish momentum to be expected after that strong reversal higher. Falling resistance coming in at 1.4696 today and a break of this level could open for a test 1.4770 key resistance level near term.
Key resistance today1.4696
Key support today1.4598
Favoured strategy today:Bullish above 1.4598
Bullish price action over the last 2 days after it looks like it bottomed out on Thursday at 2.0180 level. Looking for a move higher along with Euro near term.
Key resistance today2.0490
Key support today2.0220
Favoured strategy today:Bullish above 2.0220
Technically bearish below falling resistance at 1.1350 (falling trend line from 12th of October). Also have reaction high from 8th of Nov at 1.1344 as resistance. 50% retracement of the 1.1894 â€“ 1.0885 move is at 1.389. So several resistance points towards 1.14.
Key resistance today1.1350
Key support today1.1240
Favoured strategy today:Bearish below 1.1350
Have resistance at 112.00 and rising support at 110.90 for today. I expect mostly this range to hold going into tomorrow's Feds decision.
Key resistance today112.00
Key support today110.90
Favoured strategy today:Bullish above 110.90
Broke out of triangle it has been trading in since 13th of Nov when it moved above 163.20 level Friday and this opens for a move towards 164.30 (reaction high from 14th of Nov) near term.
Key resistance today164.30
Key support today162.20
Favoured strategy today:Bullish above 162.20
Fairly volatile over the last week's and it has bullish momentum above 0.7164 today and the key resistance remains 2003 high of 0.7254.
Key resistance today0.7254
Key support today0.7164
Favoured strategy today:Bullish above 0.7164
Big rally lower on the back of strong unemployment data from Canada Friday and it looks like last week's high of 1.0215 is a potential top near term. Rising support coming in at 0.9946 today.
Key resistance today1.0215
Key support today0.9946
Favoured strategy today:Bearish below 1.0215
Major events today (GMT)
09:30UK PPI (Nov)
15:00US Pending Home Sales (Oct)
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