Little change, as prices settled back in range from retest of the 1.1700/30 highs
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 1.1900 | * | congestion | S1 | 1.1600 | * | congestion | |
14 | 1.1830 | ** | 1 Jul YTD high | S2 | 1.1556 | * | 17 Jul low | |
R2 | 1.1790/00 | * | 24 Jul high, congestion | S3 | 1.1500 | * | congestion | |
R1 | 1.1700/30 | ** | congestion, 13 Aug high | S4 | 1.1400 | ** | congestion |
Asterisk denotes strength of level
01:30 GMT - Little change, as prices settled back in range from retest of the 1.1700/30 highs. Daily studies remains stretched and suggest room for pullback from the latter towards 1.1600 support. Would take break here to open up room for pullback to the support at 1.1556 and the 1.1500 congestion. Meanwhile, resistance at the 1.1700/30 area is expected to cap. Would take break here to clear the way for retest of resistance at the 1.1800 level and 1.1830, July current year high.