Resistance 3: 1.5750

Resistance 2: 1.5720/1.5730

Resistance 1: 1.5690/1.5700

Latest New York: 1.5633

Support 1: 1.5590/1.5600

Support 2: 1.5550

Support 3: 1.5520


Market has failed at 1.6000 area resistance with confidence now, be patient on the potential break.

Overhead resistance is heavy above the 1.5750 area; traders say offers extend into the 1.5800/30 area with stops above.

Two-way trade at resistance to start on Monday suggests a deeper pullback is in the works.

Strong long-liquidation break is still coming; look for a test of the lows again within 24 hours. Watch for two-way volatility. Be ready to add quickly if a rally happens; likely to fail quickly.

Today a close back under the 1.5600 handle very important; look for a test of the 1.5550 area early this week, offers likely on a rally to 1.5700 area.

Analysis by: written by Jason Alan Jankovsky


Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.