Slobodan Drvenica
Windsor Brokers
The pair maintains bullish near-term tone and probes again above 0.7383 pivot (Fibo 61.8% of 0.7523/0.7158 downleg), which capped yesterday’s action.
With the downside attempts being contained by 30SMA at 0.7324 and fresh strength that is holding well above daily Kijun-sen (0.7340), scope is seen for firm break above 0.7383, to open 0.7419 (55SMA) and 0.7436 (Fibo 76.4% retracement).
Daily Kijun-sen offers solid support at 0.7340; followed by 30SMA at 0.7324, loss of which would soften near-term tone.
Res: 0.7400; 0.7419; 0.7436; 0.7498
Sup: 0.7340; 0.7324; 0.7286; 0.7257
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