“¢ The pair has been trending higher alongside an ascending trend-channel formation on 1-hourly charts.
“¢ Short-term technical indicators maintain positive bias, suggesting a continuation of the bullish momentum.
“¢ A modest USD rebound might prompt some profit-taking after the recent upsurge of over 225-pips, but dips are likely to get bought into.
Spot Rate: 1.3429
Daily Low: 1.3385
Trend: Bullish
Resistance
R1: 1.3438 (upper Bollinger-band H1)
R2: 1.3475 (R2 daily pivot-point)
R3: 1.3500 (psychological mark)
Support
S1: 1.33990 (previous resistance)
S2: 1.3363 (50-period SMA H1)
S3: 1.3325 (S1 daily pivot-point)
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