Price action has formed a ending formation. divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted momentum, or at least a correction lower. Rallies continue to attract sellers. There is scope for mild buying at the open but gains should be limited. We look to set shorts at our bespoke indicator level (0.9255). Bespoke support is located at 0.9090.
Our profit targets will be 0.9090 and 0.9050
Resistance: 0.9255 / 0.9285 / 0.9300
Support: 0.9192 / 0.9090 / 0.9060