Couldn't get above 1.50 level on Friday and actually closed off quite some way of the high, which I see as a bit bearish near term and could bring a correction towards 1.4530 support near term. Rising support coming in at 1.4743 today, so above this level it should still have a chance to challenge 1.50.
Key resistance today1.5000
Key support today1.4743
Favoured strategy today:Bullish above 1.4743
Looks like Friday's range of 2.0761 to 2.0518 needs to be broken to define the next direction. One could try to play this range until a break.
Key resistance today2.0761
Key support today2.0583
Favoured strategy today:Bullish above 2.0583
Needs to close below 1.10 level to make further declines towards 1.06 level or so. That being said, Friday's price action could potentially be a huge reversal candle. We will get the answer over the next few sessions.
Key resistance today1.1100
Key support today1.0855
Favoured strategy today:Bearish below 1.1100
Didn't quite like the price action Friday and the candle formation opens for a correction higher. But below 109.55 level (falling resistance) it should have potential for lower levels.
Key resistance today110.00
Key support today108.00
Favoured strategy today:Bearish below 110.00
Falling resistance coming in at 161.81 today, but more meaningful resistance is at 162.50. Couldn't extend below the 160 level Friday, which was a bit disappointing and this could easily take it higher. Key resistance is still at 163.90 level.
Key resistance today163.90
Key support today160.00
Favoured strategy today:Watch 160.00 level
Looks a bit toppish near term and could easily dip to 0.7130 level before further advances.
Key resistance today0.7254
Key support today0.7176
Favoured strategy today:Bullish above 0.7176
Could test 0.9982 resistance as long as 0.9775 support holds, however it looks the correction is running a bit out of steam and I don't rule out a test lower near term.
Key resistance today0.9924
Key support today0.9775
Favoured strategy today:Bullish above 0.9775
Major events today (GMT)
No major event
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