Above channel top off 1.2629 and approached 2nd target of ST Double Bottom from 1.2642 (1.2800: see graph) and currently back above LT daily Downtrendline off 2004 high (1.2722)
1st Support area at 1.2722/ .11 (daily envelope/ ST break-up hourly), with next levels at 1.2678/ .61 (ST lows hourly), ahead of 1.2655/ .42 (daily LT MA↑/ see graph + break-up weekly) and 1.2621/ .18 (ST break-up hourly/ weekly envelope): ideal area to stay above to keep current better mood on € intact.
Resistance area at 1.2788 (daily Bollinger top), with next levels at 1.2799/ .2800 (week high/ see above + daily and weekly envelopes): difficult. 1.2815/ .32 = daily Downtrendline off year high / Sept 22 high, where a pause is expected.
| SUPPORT | RESISTANCE |
| 1.2722/ .11 (daily envelope + see above/ see above) | 1.2788 (daily Bollinger top) |
| 1.2678 (ST low hourly) | 1.2799/ .2800 (week high/ see above) |
| 1.2661/ .55 (previous reaction low hourly/ daily LT MA↑) | 1.2815/ .32 (see above/ Sept 22 high) |
For in-depth insight on other currency pairs:
- USD/YEN: (117.27) Below channel off 113.96 and double top off 118.03
- EUR/GBP: (.6690) Channel bottom off .6822 held
- EUR/JPY : (149.62) Back in triangle pattern
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