New year high on break above the neckline of a daily ST Double Bottom (1.2832), with another one off 1.2939.
1st Support area at 1.3113 (daily envelope), with next levels at 1.3085/ .3083 (yesterday low/ weekly envelope), ahead of 1.3046 (daily ST MA↑) and 1.2997 (break-up hourly): tough on 1st tests. 1.2906 = daily MT MA↑: ideal area to stay above to keep current better mood on € intact and buy on dips strategy.
Resistance area at 1.3147/ .55 (today’s high?/ daily Starc top), with next levels at 1.3172/ .80 (new year high/ 2nd target off 1.2832), where ST pause favored, amid ST overbought readings.
| SUPPORT | RESISTANCE |
| 1.3113 (daily envelope) | 1.3147/ .55 (today’s high?/ daily Starc top) |
| 1.3085/ .3083 (yesterday low/ weekly envelope) | 1.3172/ .3180 (new year high/ see above) |
| 1.3046/ .2997 (daily ST MA↑ST break-up hourly) | 1.3197/ .3261 (daily + weekly projection band tops/ daily triangle thrust target off 1.2979) |
For in-depth insight on other currency pairs:
- USD/YEN: (116.10) Mt double top off 116.57
- EUR/GBP: (.6774) Retested .6794
- EUR/JPY : (152.39) Currently above channel off 147.72
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