Currently above daily Downtrendline off year high (1.2805 today), with pair testing channel top off 1.2522 (see graph).
1st Support area at 1.2819 (previous ST reaction high), with next levels at 1.2805/ .2793 (see above/daily envelope), ahead of 1.2744 (daily MT MA↑): tough on 1st tests.
1.2713 = broken LT daily Downtrendline off 2004 high = ideal area to stay above to keep current better mood on € intact.
Resistance area at 1.2868 (see graph: channel top), with next levels at 1.2880/ .85 (daily envelope + Aug 31 high/ daily Bollinger top): difficult on 1st tests.
If wrong, 1.2921/.2939 = daily Starc top/ Aug 21 high, where pause expected, amid ST overbought readings.
| SUPPORT | RESISTANCE |
| 1.2805/ .2793 (see above/ daily envelope) | 1.2868 (today’s high? + see graph: channel top) |
| 1.2725/ .17 (daily envelope/ see above) | 1.2880/ .85 (daily envelope + see above/ daily Bollinger top) |
| 1.2751/ .44 (yesterday low/ daily MT MA↑) | 1.2921/ .2939 (daily Starc top/ Aug 21 high) |
For in-depth insight on other currency pairs:
- USD/YEN: (117.55) Back below neckline of double top
- EUR/GBP: (.6734) testing .6734
- EUR/JPY : (151.18) Above triangle pattern but near apex
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