Held firm at the .6600/.6580 support with bounce consolidating losses from the .6715 high
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 0.6800 | figure | S1 | 0.6600/80 | * | congestion, 14 May low | ||
R3 | 0.6750 | * | 76.4% Dec/Apr fall | S2 | 0.6558/50 | * | 8 May low, congestion | |
R2 | 0.6700/15 | * | congestion, 16 May high | S3 | 0.6515 | 2 May low | ||
R1 | 0.6650 | * | congestion | S4 | 0.6500 | * | congestion |
Asterisk denotes strength of level
00:15 GMT - Held firm at the .6600/.6580 support with bounce consolidating losses from the .6715 high. Resistance is at the .6650 congestion and regaining this needed to revive the upside focus and clear the way for retest of the .6700/15 resistance. Clearance here will further extend gains from the .6362 April YTD low to further retrace losses from the late-December high. Meanwhile, support at the .6600/.6580 area now underpin. Only failure here will open up deeper corrective pullback to the strong support at the .6558/50 congestion.