New year high on break above the neckline of a daily ST Double Bottom (1.2832: targets have been met)), with another one off 1.2939.
1st Support area at 1.3176/ .72 (daily envelope + broken daily Bollinger top/ previous ST high), with next levels at 1.3114/ .3109 (daily ST MA↑), ahead of 1.3085/ .83 (week low/ weekly envelope): tough on 1st tests. 1.2933 = daily MT MA↑: ideal area to stay above to keep current better mood on € intact and buy on dips strategy.
Resistance area at 1.3218/ .3226 (new year high?/ daily Starc top), with next levels at 1.3261(daily triangle thrust target + weekly Starc top), ahead of 1.3288 (daily envelope + daily projection band top), where ST pause favored, amid ST overbought readings.
| SUPPORT | RESISTANCE |
| 1.3176/ .72 (daily envelope + see above/ previous high) | 1.3218/ .3226 (today’s high?/ daily Starc top) |
| 1.3114/ .3109 (ST low hourly/ daily ST MA↑) | 1.3261 (see above) |
| 1.3085/ .3083 (week low/ weekly envelope) | 1.3288 (daily envelope + daily projection band top) |
For in-depth insight on other currency pairs:
- USD/YEN: (115.76) MT double top off 116.57
- EUR/GBP: (.6757) Retested .6794
- EUR/JPY : (152.75) Currently above channel off 147.72
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