The interim rising support on daily chart has held up since Thursday last week and while above this trend line the outlook remains bullish, coming in at 1.5715 today. Then key support is 1.5500 and a break below this level would be bearish. If it could close above 1.5900 today it looks like a potential break out for sub 1.60 levels.

Support: 1.5715 (rising sup), 1.5500 (key level), 1.5344 (38,20% Fibonacci) 1.5104 (rising support), 1.4967 (break out level)

Resistance: 1.5914 (all time high), 1.6000(psychological level)

240 min Rising support coming in at 1.5715.


Key support remains 1.9720-30 and any break below this level extends the weakness towards 1.9360 level medium term. Bearish momentum is intact below 1.9967 today (falling res). A break above 1.9967 opens for higher levels.

Support: 1.9736 (break out level), 1.9705 (former overhead res), 1.9650, (break out level), 1.9360, 1.9337 (key Jan low), 1.9310

Resistance: 1.9967 (falling res), 2.0261 (falling res from Nov07 highs), 2.0447 (overhead res), 2.0570 (trend channel resistance)

120 min Falling resistance coming in at 1.9967.


Broke out of that mentioned triangle formation yesterday when breaking below 1.0025 rising support. This opens for a test of that reaction low at 0.9870 near term. Bearsh momentum intact below the break out level of 1.0025 today.

Support: 0.9823 (former underlying support), 0.9647 (all time low)

Resistance: 1.0181 (falling res), 1.0290(former underlying support), 1.0350, 1.0728 (prior low), 1.0936 (break down level),


The overnight break below 101.30 rising support halts the recent bullish momentum and opens for more downside. Next key level isomentum above former underlying support coming in at 101.30 today. As long as this support level holds is that 98.80 support level. Key falling resistance coming in at 103.14 today, where I expect to see selling pressure on the first test at least.

Support: 98.80, 95.70 (yearly low)

Resistance: 101.30 (break down level overnight), 103.14 (falling res), 103.60 (former underlying sup), 104.95 (former 2008 low), 105.70 (former key support)


Broke below that rising support at 160.44 overnight, which is a bearish development and next key support is now the 159.00 level. Key resistance level at 161.73 (overhead resistance), held up as expected and was the place go get short.

Support: 159.00 (former break out level), 153.60, 151.70 (yearly low)

Resistance: 161.73 (overhead resistance), 162.17 (key res)


Took out the former underlying support when moving below the 1.0170 level last week, which now opens for a test of that rising support from the 08 low coming in at 0.9950 today. Key resistance remains that 2008 high at 1.0378. Also have falling resistance at 1.0280.

Support: 0.9950 (rising support from Nov07 low), 0.9710 (28/2 low)

Resistance: 1.0280 (former sup), 1.0378 (key level, overhead res), 1.0400(former key support.)


Broke above the at 0.80 yesterday, confirming the bullish momentum is strongly intact. Rising support coming in at 0.7870 today and while above this level the outlook remains bullish. Overhead resistance kicking in at 0.8039 level, which I expect to see some selling interest from short term players.

Support: 0.7863(interim rising sup), 0.7612 (former high), 0.7597(key level), 0.7515 (former res)

Resistance: 0.8039 (overhead resistance)


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