- Spot keeps the underlying bid tone at the beginning of the week and a test of June’s peak at 1.1853 still remains in the pipeline.
- A close above Friday’s tops just beyond 1.1800 the figure should open the door for a visit to the mid-1.1800s, regarded as the last defence of a test of the critical 200-day SMA, today near 1.1950.
- Adding to the constructive bias, the pair continues to trade above the daily cloud and the 100-day SMA.
Daily high: 1.1753
Daily low: 1.1723
Support Levels
S1: 1.1720
S2: 1.1691
S3: 1.1649
Resistance Levels
R1: 1.1791
R2: 1.1832
R3: 1.1861
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