Current level at 12:15 CET is 1.5523, trading above the daily pivot point level of 1.5481, having found temporary support on the Fibonacci 38.2 percent retracement at 1.5360, measured over the 1.4311 - 1.6017 range. The daily picture remains on the defensive with falling Bollinger and standard error bands. The daily Ichimoku cloud is marked out by 1.5133 and 1.5480 and has been able to ward off attacks to the downside up to now. The rising 55 day moving average is at 1.5533 and the rising 200 day moving average is at 1.4642. Pivot point related resistance levels for today are set at 1.5535 and then 1.5574. Support levels are at 1.5442 and then 1.5388.
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