“¢ Follow-through momentum would set the stage for a retest of descending trend-channel resistance.
“¢ Sustained strength beyond the 0.8800 handle might open room for additional near-term appreciation.
“¢ Weakness back below 0.8730-25 horizontal support would negate prospects for any further up-move.
Spot Rate: 0.8765
Daily Low: 0.8730
Trend: Bullish
Resistance
R1: 0.8788 (R1 daily pivot-point)
R2: 0.8809 (Friday’s swing high)
R3: 0.8851 (200-day SMA)
Support
S1: 0.8726 (Friday’s swing high)
S2: 0.8704 (S1 daily pivot-point
S3: 0.8686 (descending trend-channel support)
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