“¢ The pair once again managed to find decent support near the 1.1530-25 horizontal zone, with bulls now eyeing a move back towards testing 100-hour SMA.
“¢ The Italian bond yields rose to their highest levels in six weeks and helped boost risk sentiment, which was eventually seen underpinning the shared currency.
“¢ Meanwhile, technical indicators on the 1-hourly chart are yet to pick up strong positive momentum and might turn out to be the only factor capping further gains.
Spot Rate: 1.1573
Daily Low: 1.1526
Trend: Intraday bullish
Resistance
R1: 1.1600 (round figure mark)
R2: 1.1619 (R1 daily pivot-point)
R3: 1.1636 (10-day SMA)
Support
S1: 1.1549 (horizontal zone)
S2: 1.1526 (current day swing low)
S3: 1.1500 (psychological round figure mark)
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