- The pair is now fading the recent spike to the mid-1.1600s, where it seems to have met strong resistance.
- The recovery has gained strength during past sessions and has now lifted spot to break above the resistance line off April’s tops beyond the 1.2400 handle, today at 1.1580. In the meantime, the near term positive outlook remains underpinned by the 1.1500 neighbourhood.
- Extra gains should now meet the next hurdle in the 1.1690 area, seconded by the more relevant 1.1745/50 band.
Daily high: 1.1654
Daily low: 1.1594
Support Levels
S1: 1.1557
S2: 1.1493
S3: 1.1452
Resistance Levels
R1: 1.1662
R2: 1.1704
R3: 1.1768
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