• The pair built on its recent positive momentum and Friday's goodish bounce from confluence support - comprising of 200-hour SMA and the lower end of a near two-week-old ascending trend-channel formation.
• The intraday positive momentum to over one-week tops has now lifted the pair to the trend-channel resistance and warrant some caution for bullish traders amid slightly overbought conditions on the 1-hourly chart.
• However, bullish oscillators on 4-hourly/daily charts support prospects for a further near-term appreciating move and should attract some dip-buying interest, which might help limit any meaningful corrective slide.
• Meanwhile, a sustained break through the trend-channel resistance has the potential to lift the pair further beyond the 1.0100 round figure mark towards testing YTD tops, around the 1.0120 region set in March.
|Today last price||1.0059|
|Today Daily Change||0.0018|
|Today Daily Change %||0.18|
|Today daily open||1.0041|
|Previous Daily High||1.0048|
|Previous Daily Low||1.0009|
|Previous Weekly High||1.0047|
|Previous Weekly Low||0.9977|
|Previous Monthly High||1.0125|
|Previous Monthly Low||0.9894|
|Daily Fibonacci 38.2%||1.0033|
|Daily Fibonacci 61.8%||1.0024|
|Daily Pivot Point S1||1.0017|
|Daily Pivot Point S2||0.9994|
|Daily Pivot Point S3||0.9978|
|Daily Pivot Point R1||1.0056|
|Daily Pivot Point R2||1.0072|
|Daily Pivot Point R3||1.0095|
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.