- The pair is prolonging the rally and is approaching the critical 1.1700 handle so far this week.
- The recovery already navigates its third consecutive week, advancing almost 4 big figures since lows in sub-1.1300 area seen earlier in the month.
- The continuation of the up move hinges on the better mood in the risk-associated universe and has its immediate target at the 1.17545/50 band.
- Sellers should be back in control once the 4-month support line is breached as well as the 1.1500 neighbourhood.
Daily high: 1.1700
Daily low: 1.1662
Support Levels
S1: 1.1617
S2: 1.1556
S3: 1.1518
Resistance Levels
R1: 1.1717
R2: 1.1755
R3: 1.1816
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