Pair’s failure at 10-DMA level of 1.1297 if followed by a break below 1.1264 (50% of 1.1616-1.0911) would result in a sell-off to 100-DMA level of 1.1222, under which a major support is seen at 1.12.
The daily RSI is above 50.00, hence fresh bids could be noted in case the spot manages to hold above 100-DMA levels.
On the higher side, only a day end close above 1.13 could yield a re-test of 1.1366 (Aug 18 high).
The daily RSI is above 50.00, hence fresh bids could be noted in case the spot manages to hold above 100-DMA levels.
On the higher side, only a day end close above 1.13 could yield a re-test of 1.1366 (Aug 18 high).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.