Little change, as prices extend consolidation above the 1.0600 level
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 1.0800 | * | congestion | S1 | 1.0600 | * | congestion | |
R3 | 1.0750 | congestion | S2 | 1.0565 | * | congestion, 2 Nov low | ||
R2 | 1.0725 | * | 2 Apr low | S3 | 1.0517 | * | Nov low | |
R1 | 1.0695/00 | * | Feb low, congestion | S4 | 1.0500 | * | congestion |
Asterisk denotes strength of level
01:25 GMT - Little change, as prices extend consolidation above the 1.0600 level and unwind the oversold intraday and daily studies. Nearby see resistance at the 1.0695/1.0700 area and where break is needed to open up stronger gains to the 1.0725/50 congestion area. Clearance here, if seen, will see room to the 1.0800 level though the broad bearish structure suggest gains giving way to fresh selling pressure later. Break of the 1.0600 low will see room to the 1.0565 support. Lower still will see scope to extend losses to the 1.0517/00 area.