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  • NEO was seen nursing losses of 0.7% on Thursday, as the consolidation mode continued.
  • NEO/USD struggles the break down resistance in the mid $35 region, price may retreat just below $32.
 

NEO/USD 60-minute chart

 

Spot rate:                    33.93

Relative change:        -0.70%

High:                           35.67

Low:                            33.69

 

Trend:                         Neutral/Bearish

 
 

Support 1:                  33.93, 100MA.
Support 2:                  33.35, (support on 60-minute chart).
 
Support 3:                  31.90, demand zone entrance.
 
Resistance 1:             34.45, 50MA.
 
Resistance 2:             34.90, entrance to supply zone.
 
Resistance 3:             35.50, top area seen on 24th, 25th and 26th July.