Currently still above daily Downtrendline off year high (1.2798 today), with pair trying to recapture the broken channel off 1.2522 (see graph).
1st Support area at 1.2782/ .71 (daily envelope + daily MT MA↑/ yesterday low), with next levels at 1.2754/ .43 (daily projection band bottom/ weekly ST MA↑): tough on 1st tests. 1.2706 = broken LT daily Downtrendline off 2004 high = ideal area to stay above to keep current better mood on € intact.
Resistance area at 1.2835 (ST high hourly), with next levels at 1.2863 (daily envelope), ahead of 1.2871/ .77 (previous reaction highs hourly) and1.2900/ .2907 (last week high/ daily Bollinger top): difficult on 1st tests. If wrong, 1.2939 = Aug 21 high + daily projection band top, ahead of 1.2959/ .79 (weekly envelope/ year high + daily Starc top), where pause expected, amid ST overbought readings.
| SUPPORT | RESISTANCE |
| 1.2819 (daily ST MA→) | 1.2835 (ST high hourly) |
| 1.2782/ .71 (daily envelope + see above/ yesterday low) | 1.2863/ .2877 (daily envelope/ see above) |
| 1.2754 .43 (see above/ weekly ST MA↑) | 1.2900/ .2907 (last week high/ daily Bollinger top) |
For in-depth insight on other currency pairs:
- USD/YEN: (118.00) Toying back with neckline of double top
- EUR/GBP: (.6791) Approaching .6794
- EUR/JPY : (151.28) In channel off 147.72
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