- Hourly indicators are drifting higher but bullish movement remains limited; an extension of Tuesday’s bearish retracement could follow a successful rollover.
- Early Wednesday action is challenging current support levels established early in the week.
- Broader market sentiment remains constrained, piling onto a bearish bias for risk assets like the Euro.
Spot rate: | 1.1646 |
Relative change: | Negligible |
High: | 1.1664 |
Low: | 1.1639 |
Trend: | Bearish |
Support 1: | 1.1628 (current week low) |
Support 2: | 1.1589 (61.8% weekly Fibo level) |
Support 3: | 1.1508 (previous week low) |
Resistance 1: | 1.1720 (current week high) |
Resistance 2: | 1.1754 (R2 daily pivot) |
Resistance 3: | 1.1787 (R3 daily pivot) |