Little change, as prices consolidate test of the .6715/00 support
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 0.6900 | * | congestion | S1 | 0.6715/00 | * | 38.2%, 10 Oct low | |
R3 | 0.6855 | * | 1 Oct low | S2 | 0.6650/45 | * | congestion, 50% | |
R2 | 0.6800/20 | ** | Jul high, congestion | S3 | 0.6622 | ** | Sep low | |
R1 | 0.6760 | * | 11 Oct high | S4 | 0.6575 | * | 61.8% Aug/Sep rally |
Asterisk denotes strength of level
00:10 GMT - Little change, as prices consolidate test of the .6715/00 support. However, pressure remains on the downside and see risk for break here to further extend losses from the September YTD high at .6942. Break will see room to the .6650/45 congestion and 50% Fibonacci retracement. Lower still, will see scope for retest of the September low at .6622. Meanwhile, resistance at the .6760 bounce high now expected to cap. Break here is needed to ease downside pressure and see room for stronger bounce to retrace losses from the September high to the strong resistance at the .6800/20, July/August highs.