Resistance - 1.4617, 1.4636, 1.4670
Support - 1.4550-1.4533, 1.4473, 1.4436
Support - 1.4550-1.4533, 1.4473, 1.4436
- Pair's rejection at larger falling trend line along with bearish price-RSI divergence on intraday charts led to a drop as anticipated earlier today.
- Bearish pressure may gather pace if - Spot breaks below 1.4533 (strong support this week) or sees an hourly close below 1.4550 (hourly rising trend line support).
- On the other hand, a rebound from 1.4550 if followed by a rise above 1.4617 would shift risk in favor of a rise to 1.4670 (larger falling trend line hurdle).
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Related publications
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.