“¢ Eases from three-week tops amid a modest US Dollar retracement, led by the US-China trade-related headlines.
“¢ Holds comfortably above short/medium/long-term moving averages, which further reinforces overnight bullish flag breakout.
“¢ Technical indicators still catching up and might thus lead to some near-term consolidation before the next leg of up-move.
Spot Rate: 0.9967
Daily High: 0.9988
Daily Low: 0.9954
Trend: Bullish
Resistance
R1: 0.9993 (May 29 swing high)
R2: 1.0056 (YTD tops set on May 7)
R3: 1.0170 (R3 daily pivot-point)
Support
S1: 0.9930 (23.6% Fibo. level of the 0.9523-1.0057 up-move)
S2: 0.9900 (round figure mark)
S3: 0.9868 (50-day SMA)
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