R3: 101.00/10

R2: 100.80

R1: 100.40/50

Current Price: 100.14

S1: 99.70/80

S2: 99.50/60

S3: 99.20

Rate technically has a net positive day with a higher high and a higher low; rate apparently testing the bull’s conviction on the day but no real selling effort threatens the recovery in my view. Look for more two-way action the next 24 hours and an upside bias may remain should stops above the 101.20 area get triggered. News tomorrow likely to help as today’s data spooked the USD bulls; a positive reading may help with a reversal higher. Dips likely to be bought around the 99.50/60 area again.

Analysis by: written by Jason Alan Jankovsky


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