“¢ Once again finds support ahead of the 1.3200 handle, amid slightly oversold conditions, and stages a goodish rebound on Friday.
“¢ Acceptance above 23.6% Fibonacci retracement level of the overnight slump points to a possible bullish attempt towards reclaiming the 1.3300 handle.
“¢ Any subsequent up-move is likely to be capped at the 1.3330 confluence region, comprising of 50% Fibo. level and 50-hour SMA.
Current Price: 1.3285
Daily High: 1.3292
Daily Low: 1.3211
Trend: Short-term bullish
Resistance
R1: 1.3301 (38.2% Fibo. level)
R2: 1.3329 (confluence region)
R3: 1.3388 (R1 daily pivot-point)
Support
S1: 1.3266 (23.6% Fibo. Level)
S2: 1.3239 (horizontal level)
S3: 1.3197 (S1 daily pivot-point)
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