Support and resistance
At the moment, the price tries to consolidate above 1.3510 (50.0% Fibonacci correction) to continue moving to the levels of 1.3585 (61.8% Fibonacci correction) and 1.3672 (Murrey) ). The key "bearish" point is 1.3440 (Murrey ), which breakdown allows further decline to the levels of 1.3340 (Fibonacci correction 23.6%) and 1.3300. An upward reversal of Bollinger Bands and an increase in the MACD histogram in the positive zone indicates that the upward trend continues. However, a downward Stochastic's reversal in the overbought zone does not exclude the beginning of a price rollback.
Resistance levels: 1.3585, 1.3672.
Support levels: 1.3440, 1.3340, 1.3300.
1.36440
Trading tips
Long positions may be opened from 1.3540 with the targets at 1.3585, 1.3672, and stop loss 1.3505. Implementation period: 5-7 days.
Short positions may be opened below 1.3440 with the targets at 1.3340, 1.3300, and stop loss 1.3475.
At the moment, the price tries to consolidate above 1.3510 (50.0% Fibonacci correction) to continue moving to the levels of 1.3585 (61.8% Fibonacci correction) and 1.3672 (Murrey) ). The key "bearish" point is 1.3440 (Murrey ), which breakdown allows further decline to the levels of 1.3340 (Fibonacci correction 23.6%) and 1.3300. An upward reversal of Bollinger Bands and an increase in the MACD histogram in the positive zone indicates that the upward trend continues. However, a downward Stochastic's reversal in the overbought zone does not exclude the beginning of a price rollback.
Resistance levels: 1.3585, 1.3672.
Support levels: 1.3440, 1.3340, 1.3300.
1.36440
Trading tips
Long positions may be opened from 1.3540 with the targets at 1.3585, 1.3672, and stop loss 1.3505. Implementation period: 5-7 days.
Short positions may be opened below 1.3440 with the targets at 1.3340, 1.3300, and stop loss 1.3475.