Little change, as prices edged up from the 1.0950 support to consolidate losses from the 1.1200/14, September high
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
01:10 GMT - Little change, as prices edged up from the 1.0950 support to consolidate losses from the 1.1200/14, September high. Shallow bounce threatens a bearish flag to further extend losses, lower will see room to the 1.0915/1.0900 support. However, the daily chart caution are stretched as well and caution stronger bounce above the 1.1000 level. Above here will ease the downside pressure and opens up room for stronger push to the 1.1050 resistance. Higher still will see scope to the 1.1100 congestion and the strong resistance at the 1.1120/40 area.