- Tuesday’s dip sees little rebound, indicators are heading towards further sell signals.
- Bullish divergence on MACD should give shortside traders a cautionary sign.
- Economic calendar clear of any meaningful data for Wednesday, market focus will remain on trade war fears.
Spot rate: 0.7381
Relative change: 0.17%
High: 0.7382
Low: 0.7368
Trend: Bearish
Support 1: 0.7347 (current week low)
Support 2: 0.7315 (S2 1-week pivot)
Support 3: 0.7192 (S3 1-week pivot)
Resistance 1: 0.7447 (38.2% Fibo 1-week level)
Resistance 2: 0.7508 (61.8% Fibo 1-week level)
Resistance 3: 0.7565 (R1 1-week pivot)