New recovery high on move above 1.3739 (neckline Daily Double Bottom) and tested channel top off 1.2964 (see graph: equivalent one on daily charts off 1.2885 having its top at 1.4344 today) but Reversal Day yesterday and wide spread with Moving Averages
Support area at 1.4106/ .4099 (current reaction low off 1.4339/ current week low + see graph), with next levels at 1.4084 (daily envelope bottom).
1.4051/ .4049 = previous reaction high / break-up hourly: ideal area to stay above to keep current € mood intact.
Resistance at 1.4187/ .4190 (broken daily Short Term Moving Average↑/ today’s high?), ahead of 1.4294 (daily envelope top), where pause favored.
If wrong, next levels at 1.4339/ .4344 (current week high/ daily Bollinger top + see above: tough on 1st attempts.
USD/JPY: (96.17) Back above 95.63
EUR/GBP: (.8730) Sharp rebound off reaction low
EUR/JPY: (136.13) New recovery high in channel off 126.99
