- The pair is showing some signs of life on Tuesday, rebounding from yesterday’s low around 1.1530 and now eyeing the upper 1.1500s.
- Spot dropped to 1.1530 at the beginning of t he week following the breakdown of the pennant pattern during last week, allowing for extra weakness to see the 1.1500 neighbourhood tested once again.
- There is no change to the offered stance as long as 1.17545/50 keeps capping the upside.
Daily high: 1.1584
Daily low: 1.1546
Support Levels
S1: 1.1531
S2: 1.1509
S3: 1.1488
Resistance Levels
R1: 1.1574
R2: 1.1595
R3: 1.1617
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