Little change, as prices edged up in consolidation from strong support at 1.0950
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 1.1120/40 | ** | congestion, Dec high | S1 | 1.0950 | ** | Jul high | |
R3 | 1.1100 | * | congestion | S2 | 1.0915 | ** | Jun high | |
R2 | 1.1050 | * | congestion | S3 | 1.0900 | * | congestion | |
R1 | 1.1000 | * | Sep low | S4 | 1.0881 | * | 8 Aug low |
Asterisk denotes strength of level
01:20 GMT - Little change, as prices edged up in consolidation from strong support at 1.0950 as prices unwind the oversold intraday studies. Daily chart are stretched as well and a stronger bounce cannot be ruled out to the 1.1000 level. Regaining this will ease the downside pressure and clear the way for stronger push to the resistance at the 1.1050/1.1100 congestion area. Meanwhile, support at the 1.0950 low underpin. Failure here will open up deeper pullback to the strong support at the 1.0915/1.0900 area.