- The US Dollar is seeing a soft walkback across the G10 broader market, but the Sterling remains subdued as Brexit concerns keep the Pound on the downside.
- Yearly lows for the pair remain close by, and bearish pressure remains taut.
- The last swing high broke a long pattern of lower highs, and a bullish turnaround from here could kick off a new bull run.on higher timeframes.
Spot rate: | 1.3205 |
Relative change: | Negligible |
High: | 1.3209 |
Low: | 1.3188 |
Trend: | Bearish |
Support 1: | 1.3168 (61.8% Fibo retracement level) |
Support 2: | 1.3094 (previous week low) |
Support 3: | 1.3049 (2018 low) |
Resistance 1: | 1.3285 (previous day high) |
Resistance 2: | 1.3317 (R2 daily pivot) |
Resistance 3: | 1.3361 (current week high) |