Little change as prices remains in consolidation below the 1.3434 high
Level | Comment | Level | Comment | |||||
---|---|---|---|---|---|---|---|---|
R4 | 1.3600 | * | congestion | S1 | 1.3312/00 | * | 25 Sep low, congestion | |
R3 | 1.3550 | * | congestion | S2 | 1.3266 | * | Aug high | |
R2 | 1.3500 | * | congestion | S3 | 1.3200 | * | congestion | |
R1 | 1.3434 | ** | 26 Sep YTD high | S4 | 1.3142 | ** | Jul 2023 year high |
Asterisk denotes strength of level
01:35 GMT - Little change as prices remains in consolidation below the 1.3434 high. Consolidation see support starting at the 1.3312/00 congestion area then the 1.3266, August high. Would take break of the latter to open up deeper pullback to retrace strong gains from the 1.3000 low and see room to the 1.3200 level then the strong support at 1.3142, the 2023 year high. Pullback expected to give way to renewed buying interest later to extend the broader gains from the 1.0350, 2022 all-time low. Higher will see room to the 1.3500/50 area then 1.3600 level.