“¢ A follow-through selling on Thursday reinforces overnight bearish break through the neckline support of Head & Shoulders chart pattern formation on the 1-hourly chart.
“¢ With short-term technical indicators still far from being in oversold territory, the cross seems more likely to continue with its depreciating slide.
“¢ Any meaningful recovery attempt might now be capped at the key 145.00 psychological mark, nearing the neckline support break-point.
Current Price: 144.20
Daily High: 144.68
Trend: Bearish
Resistance
R1: 144.68 (current day swing high)
R2: 145.00 (psychological round figure mark)
R3: 145.35 (R1 daily pivot-point)
Support
S1: 143.78 (S2 daily pivot-point)
S2: 143.20 (YTD low set on May 29)
S3: 143.00 (round figure mark)
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