Stalled just ahead of that former overhead resistance at 1.5784 Friday, but fell back during the afternoon to close a bit off the daily high. Key support coming in at 1.5500 and minor support is that uptrend line cutting in at 1.5635 today. Saw clear supply towards 1.59 level last week, which suggest to me that it might be though to break above that high near term.
Support: 1.5635 (rising sup), 1.5500 (key level), 1.5344 (38,20% Fibonacci) 1.5104 (rising support), 1.4967 (break out level)
Resistance: 1.5784 (former overhead res), 1.5903 (all time high), 1.6000(psychological level)
240 min Rising support coming in at 1.5560, which is broken.
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 2.0033 today (falling res). A break above 2.0033 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: 2.0033 (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 2.0033.
Trading inside an apex with resistance coming in at 1.0202 and support down at 0.9980 today. To see any significant new trend it needs to move outside of apex.
Support: 0.9980 (rising support), 0.9823 (former underlying support), 0.9647 (all time low)
Resistance: 1.0202 (falling res), 1.0290(former underlying support), 1.0350, 1.0728 (prior low), 1.0936 (break down level),
Bullish momentum above former underlying support coming in at 101.30 today. As long as this support level holds it has potential to test the key falling resistance at 103.60, where I expect to see selling pressure on the first test at least.
Support: 101.30 (former sup), 98.30, 95.70 (yearly low)
Resistance: 103.60 (former underlying sup), 104.95 (former 2008 low), 105.70 (former key support)
Bullish momentum intact above 159.68 rising support and approaching that key resistance level at 161.40 (Feb 08 high). Have more resistance at 161.74, which is former support line.
Support: 158.68 (interim rising sup), 153.60, 151.70 (yearly low)
Resistance: 161.40 (Feb 08 high), 161.74 (former sup), 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 0.9927 today. Key resistance remains that 2008 high at 1.0378
Support: 0.9924 (rising support from Nov07 low), 0.9710 (28/2 low)
Resistance: 1.0170 (former sup), 1.0378 (key level, overhead res), 1.0400(former key support.)
Rising support coming in at 0.7823 today and while above this level the outlook remains bullish.
Support: 0.7823(interim rising sup), 0.7612 (former high), 0.7597(key level), 0.7515 (former res)
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