- The selling pressure around the pair is now picking up pace, extending the rejection from last week’s tops in the 1.1730 region.
- Deeper pullbacks should meet interim contention at the 21-day SMA at 1.1544 ahead of the more relevant 1.1508.
- On the upside, a sustainable surpass of the 1.1745/50 band is needed to allow for a test of 1.1790 ahead of the critical 1.1853 level.
Daily high: 1.1625
Daily low: 1.1574
Support Levels
S1: 1.1597
S2: 1.1573
S3: 1.1557
Resistance Levels
R1: 1.1636
R2: 1.1652
R3: 1.1676
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