- Thursday’s consolidation is tightening in recent highs, bulls will look to continue a profit-taking bounce.
- Friday’s big showing will be for the US Consumption Expenditure, leaving directional control on the USD side.
- Risk appetite is improving, but the Greenback remains well-bid.
| Spot rate: | 0.7348 |
| Relative change: | Negligible |
| High: | 0.7354 |
| Low: | 0.7345 |
| Trend: | Flat |
| Support 1: | 0.7323 (2018 low; technical bottom) |
| Support 2: | 0.7306 (S1 daily pivot) |
| Support 3: | 0.7271 (S2 daily pivot) |
| Resistance 1: | 0.7369 (38.2% one week Fibo level) |
| Resistance 2: | 0.7406 (June 27th swing high) |
| Resistance 3: | 0.7443 (one week high) |
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