Still stretching and break above the1.3650 resistance further extend strong gains from the September low to regain the 1.3700 level
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 1.3900 | ** | Nov 2023 year high | S1 | 1.3650 | * | Sep high | |
R3 | 1.3845 | * | Apr high | S2 | 1.3600 | ** | congestion | |
R2 | 1.3800 | * | congestion | S3 | 1.3550/40 | ** | congestion, 1 Oct high | |
R1 | 1.3750 | * | congestion | S4 | 1.3500 | * | figure |
Asterisk denotes strength of level
06:40 GMT - Still stretching and break above the1.3650 resistance further extend strong gains from the September low to regain the 1.3700 level. The daily studies remains positive and higher will see room for extension to the 1.3750 congestion then the strong resistance at the 1.3800 level. Overbought daily studies caution corrective pullback with support raised to the 1.3650, September high. Below the latter will see scope deeper pullback to the strong support at the 1.3600 congestion which is expected to underpin and sustain gains from the 1.3420 low.