“¢ Snap six days of losing streak amid near-term oversold conditions.
“¢ 50-period SMA on 1-hourly chart hinders the recovery momentum.
“¢ Weakness back below 125.60 level to fade prospects of any further recovery.
Spot rate: 125.90
Daily Low: 124.98
Daily High: 126.37
Trend: Bearish, with chances of some near-term corrective bounce.
Support 1: 125.00 (psychological mark)
Support 2: 124.62 (11-month low set yesterday)
Support 3: 124.32 (S1 daily pivot point)
Resistance 1: 126.35 (intraday swing high)
Resistance 2: 127.01 (R1 daily pivot point)
Resistance 3: 127.23 (100-SMA H1)
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