Break of the 1.6455 support extending losses from the 1.6680 resistance and trendline from the August high
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 1.6745 | ** | 5 Mar YTD high | S1 | 1.6400 | * | congestion | |
R3 | 1.6680 | * | 19 Mar high | S2 | 1.6365 | * | 10 Apr low | |
R2 | 1.6600 | * | congestion | S3 | 1.6350 | * | 30 Jan low | |
R1 | 1.6500 | congestion | S4 | 1.6320 | * | Sep low |
07:25 GMT - Break of the 1.6455 support extending losses from the 1.6680 resistance and trendline from the August high. Nearby see the 1.6400 level within reach and break here will open up the strong support at the 1.6365/50 lows to retest. Below this will see room to the 1.6320/1.6300 area though focus will return to the 1.6200 level then the 1.6130, January year low. Meanwhile, resistance at the 1.6500/1.6600 congestion expected to cap and sustain losses from the 1.6680 high.