Yesterday's low of 1.4775 is support today and while above it has potential for higher levels. Key support remains 1.4530 (old DEM Aug 95 high). It stopped at described key resistance of 1.4877 (overhead resistance) overnight as expected and should back of at least 40-50 pips for that resistance level (seldom breaks on the first attempt).
Key resistance today1.4877
Key support today1.4775
Favoured strategy today:Bullish above 1.4775
Bullish above yesterday's low at 2.0520 today and next key resistance is 2.0730 resistance.
Key resistance today2.0653
Key support today2.0520
Favoured strategy today:Bullish above 2.0520
Bearish momentum below 1.1100 resistance today and it broke below key support at and a daily close below 1.10 could see an extension to 1.06 level near term.
Key resistance today1.1200
Key support today1.1000
Favoured strategy today:Bearish below 1.1100
The 112.00 resistance should hold and lower levels is to be expected after the recent weakness in stock markets. Basically the stock markets have to rebound to see this pair move higher.
Key resistance today110.00
Key support today108.00
Favoured strategy today:Bearish below 110.00
Bounced off the lowed end of the recent range at 160.00 level yesterday, which should open for higher levels. Key resistance remains 163.90.
Key resistance today163.90
Key support today160.00
Favoured strategy today:Play range
Bullish above 0.7164 leve today and the next key resistance is 2003 high at 0.7254.
Key resistance today0.7150
Key support today0.7164
Favoured strategy today:Bullish above 0.7164
Basically as long as yesterday's low (0.9775) holds further upside pressure is likely. Next key resistance is 1.0000 level that should cap the upside near term.
Key resistance today0.9924
Key support today0.9775
Favoured strategy today:Bullish above 0.9775
Major events today (GMT)
10:00EMU Industrial New Orders (Sep)
US Bond market is closed in observance of Thanksgiving
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