FXstreet.com (Barcelona) - After testing the 1.5030 support level since the US session beginning, the Cable has broken this level, reach 1.4999 as fresh intra-day low and it is testing the 1.5000 key level. Currently the pair is trading around 1.5000/10, 0.85% below today's opening price.
Valeria Bednarik, FXstreet.com collaborator, says: Hovering around the 1.5050 key level, where we have 20 SMA in 4 hours charts, pair break under the descendant trend line we have been following, and points for a retest of the 1.5000 zone. Hourly indicators are exhausted, but only above 1.5080 the pair could regain the upside. Support levels: 1.5030 1.5000 1.4966. Resistance levels: 1.5080 1.5110 1.5160.
For more information, read our latest forex news.