“¢ Regains positive traction to reverse previous session’s downfall and test a descending trend-line resistance, extending from May 18 top through highs set on June 12/13/14.
“¢ Short-term technical indicators hold in positive territory and thus, increase prospects for a decisive break through the mentioned barrier.
“¢ A slightly better-than-expected UK construction PMI might be enough to provide the required momentum and trigger a fresh bullish breakout.
Spot Rate: 146.18
Daily High: 146.30
Daily Low: 145.28
Trend: Turning bullish
Resistance
R1: 146.50 (overnight swing high)
R2: 147.11 (R1 daily pivot-point)
R3: 147.51 (50-day SMA)
Support
S1: 145.81 (daily pivot-point)
S2: 145.28 (current day swing low)
S3: 145.00 (psychological round figure mark)
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