Under pressure as break of the 1.6185 low of last week see prices extending pullback from the 1.6350 high
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 1.6450 | * | congestion | S1 | 1.6130 | * | Jan low | |
R3 | 1.6400 | * | congestion, 200-day MA | S2 | 1.6000 | ** | Jun/Oct YTD low | |
R2 | 1.6350 | ** | 8 Oct high | S3 | 1.5900 | * | congestion | |
R1 | 1.6255 | * | Aug low | S4 | 1.5850 | * | Jun 2023 low |
Asterisk denotes strength of level
06:10 GMT - Under pressure as break of the 1.6185 low of last week see prices extending pullback from the 1.6350 high to reach the 1.6130 support. Below the latter will see scope for retest of the 1.6100 level then the 1.6000, June/October YTD lows. Break here will further extend losses from the August spike high at 1.7185 and see scope to the 1.5900 congestion then the 1.5850, June 2023 low. Meanwhile, resistance is lowered to the August low at 1.6255 which should now cap and sustain losses from the 1.6325/1.6350 lower highs.