Still heavy and break of the 1.6455 support see the 1.6400 level within reach
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 1.6745 | ** | 5 Mar YTD high | S1 | 1.6400 | * | congestion | |
R3 | 1.6680 | * | 19 Mar high | S2 | 1.6365 | * | 10 Apr low | |
R2 | 1.6600 | * | congestion | S3 | 1.6350 | * | 30 Jan low | |
R1 | 1.6500 | congestion | S4 | 1.6320 | * | Sep low |
07:10 GMT - Still heavy and break of the 1.6455 support see the 1.6400 level within reach. Below this will open up the strong support at the 1.6365/50 lows to retest and where break will extend bearish pressure from the March high at 1.6745 and further extend pullback within the bearish channel from the August high. Lower will see room to the 1.6320/1.6300 support. Break here will return focus to the 1.6130, January year low. Meanwhile, resistance at the 1.6500 congestion now expected to cap and sustain losses from the 1.6680 high.