Resistance – 1.4192, 1.4243, 1.4302
Support – 1.4114-1.4090, 1.4056, 1.4030
Support – 1.4114-1.4090, 1.4056, 1.4030
Pair’s repeated failure to sustain below 1.41 amid rising bottoms on hourly RSI indicates prices could see a corrective rally to 1.4192 (61.8% of 1.3835-1.4770). A violation there would expose 1.4243 (5-DMA).
- On the lower side, a failure to take out/near hourly 50-MA followed by a break below 1.4090 would reinforce bears and shift risk in favor of a drop to 1.4030 levels.
- Economic data release in the UK – employment and average weekly earnings – is once again likely to be ignored in the wake of Brexit uncertainty.
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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.