Little change, as prices extend consolidation below 1.3770, current year high
Level | Comment | Level | Comment | |||||
---|---|---|---|---|---|---|---|---|
R4 | 1.3900 | * | congestion | S1 | 1.3632 | * | 13 Jun high | |
R3 | 1.3835 | * | Oct 2021 high | S2 | 1.3600 | * | congestion | |
R2 | 1.3800 | * | congestion | S3 | 1.3530 | * | 23 Jun high | |
R1 | 1.3770 | ** | 26 Jun YTD high | S4 | 1.3500 | * | congestion |
Asterisk denotes strength of levelr
02:15 GMT - Little change, as prices extend consolidation below 1.3770, current year high. Daily studies are stretched but bullish momentum from the 1.3370 low low of last week keeps focus firmly on the upside. Clearance will further extend the underlying bull trend from September 2022 low and see room to resistance at the 1.3800/35 area. Meanwhile, support is at the 1.3632/1.3600 area which should underpin. Below these will open up room for deeper correction to strong support at 1.3500 level and 1.3435.