Couldnâ€™t get above 1.50 Friday and actually closed off quite some way of the high, which I see as a bit bearish near term and could we see a correction towards 1.4530 support near term? Rising support coming in at 1.4750 today, so above this level it should still have a chance to challenge 1.50.
Key resistance today1.5000
Key support today1.4750
Favoured strategy today:Bullish above 1.4750
Looks like Fridayâ€™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. Tested the upper end once again overnight but fell back.
Key resistance today2.0761
Key support today2.0583
Favoured strategy today:Bullish above 2.0583
Closed below 1.10 level yesterday, which opens for further declines towards 1.06 level or so. That being said, Fridayâ€™s price action could potentially be a huge reversal candle. We will see the next few sessions. Therefore I am a bit cautious to play the short side today until I see reaction to Fridayâ€™s action.
Key resistance today1.1100
Key support today1.0855
Favoured strategy today:Bearish below 1.1100
Didnâ€™t quite like the price action Friday and the candle formation opens for a correction higher. But below 109.05 level (falling resistance) it should have potential for lower levels.
Key resistance today109.05
Key support today107.20
Favoured strategy today:Bearish below 109.05
Falling resistance coming in at 161.88 today, but more meaningful resistance is at 162.50. Moving below 160 level late last night and next key support is 158.67 (Nov 13 low). Key resistance is still at 163.90 level. The bearish pressure will be dominant as long as the risk aversion theme is the main focus.
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 0.7120 level before further advances. Support at 0.7120 that I expect to be tested near term.
Key resistance today0.7254
Key support today0.7176
Favoured strategy today:Bullish above 0.7176
Could test 0.9982 resistance as long as 0.9803 support holds, however it looks the correction is running a bit out of steam and I donâ€™t rule out a test lower near term.
Key resistance today0.9940
Key support today0.9803
Favoured strategy today:Bullish above 0.9803
Major events today (GMT)
09:00GER IFO (Nov)
15:00US Consumer Confidence (Nov)
16:15BOEâ€™s Blanchflower testifies in Parliament
17:20Fedâ€™s Plosser speaks
18:30Fedâ€™s Evans speaks
18:45BOEâ€™s Sentance speaks
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