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 1.3131/ .25 (yesterday low/daily envelope, with next levels at 1.3114 (ST low hourly), ahead of 1.3085/ .83 (week low/ weekly envelope): tough on 1st tests. 1.2964= daily MT MA↑: ideal area to stay above to keep current better mood on € intact and buy on dips strategy.
Resistance area at 1.3209 (daily Bollinger top), with next levels at 1.3218/ .3223 (new year high/ daily envelope), ahead of 1.3261/ .64 (daily triangle thrust target + weekly Starc top/ daily Starc top), where ST pause favored, amid ST overbought readings.
| SUPPORT | RESISTANCE |
| 1.3149/ .43 (daily ST MA↑/ today’s low?) | 1.3209 (daily Bollinger top) |
| 1.3131/ .3125 (yesterday low/ daily envelope) | 1.3218/ .23 (new year high/ daily envelope) |
| 1.3114/ .3085 (ST low hourly/ week low) | 1.3261/ .3264 (see above/ daily Starc top) |
For in-depth insight on other currency pairs:
- USD/YEN: (116.17) MT double top off 116.57
- EUR/GBP: (.6758) In triangle pattern off .6794
- EUR/JPY : (152.95) Currently above channel off 147.72
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