Current level at 09:27 CET is 1.5532, trading close to the daily pivot point level of 1.5529 and tentatively probing the downside. Daily Bollinger and standard error bands are flat and the 14 day ADX is static at 18, indicating a lack of direction at present. The daily MACD has fallen below the zero line while the 55 day moving average at 1.5653 is now poised to the downside. The daily Ichimoku cloud, bounded by 1.5315 and 1.5735 encapsules current market activity. Pivot point related support levels for today are set at 1.5488 and then 1.5420. Resistance levels are at 1.5596 and then 1.5637.
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