Level | Comment | Level | Comment | |||||
---|---|---|---|---|---|---|---|---|
R4 | 0.8668 | 3 Mar high | S1 | 0.8539 | ** | 24 Feb (m) low | ||
R3 | 0.8650 | * | congestion | S2 | 0.8500 | ** | congestion | |
R2 | 0.8600 | congestion | S3 | 0.8450 | * | congestion | ||
R1 | 0.8580 | congestion | S4 | 0.8400 | ** | congestion |
Asterisk denotes strength of level
08:40 GMT - Still little change, as mixed intraday studies keep near-term sentiment cautious and extend pressure on critical support at the 0.8539 monthly low of 24 February. Daily readings are mixed/negative, however, highlighting potential for a later break and extension of multi-month losses towards congestion around 0.8500. Beneath here is 0.8450. Meanwhile, resistance remains at 0.8600 and should provide a barrier into any immediate bounce.