Renewed break above daily Downtrendline off year high (1.2791 today) has sent the pair above the neckline of a daily ST Double Bottom (1.2832) and reapproaching year high (1.2979).
1st Support area at 1.2925 (yesterday low), with next levels at 1.2900 (previous reaction high), ahead of 1.2847 (break-up hourly + daily MT MA↑?): tough on 1st tests. 1.2760 = daily Stop And Reverse: ideal area to stay above to keep current better mood on € intact and buy on dips strategy.
Resistance area at 1.2976/ .79 (year high), with next levels at 1.3000/ .3006 (psycho/ 2nd target of MT daily Double Bottom off 1.2323), where ST pause favored, amid ST overbought readings.
| SUPPORT | RESISTANCE |
| 1.2925 (yesterday low) | 1.2976/ .79 (yesterday high/ year high) |
| 1.2900 (previous reaction high) | 1.3000/ .3006 (psycho/ see above) |
| 1.2854/ .47 (ST break-up daily/ hourly) | 1.3010/ .3036 (Equality 5th wave off 1.1640/ 1st target ff 1 2832 |
For in-depth insight on other currency pairs:
- USD/YEN: (116.34) Has met targets mt double top off 118.03
- EUR/GBP: (.67565) Retested .6794
- EUR/JPY : (150.81) In channel off 147.72
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