Leaning lower from the .6644/50 resistance as prices unwind the overbought intraday and daily studies
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 0.6750 | * | congestion | S1 | 0.6585 | * | 29 Apr high | |
R3 | 0.6675 | * | 61.8% Dec/Apr fall | S2 | 0.6550 | congestion | ||
R2 | 0.6668 | * | Mar high | S3 | 0.6500 | * | congestion | |
R1 | 0.6650 | * | congestion | S4 | 0.6465 | * | 1 Mar low |
Asterisk denotes strength of level
00:00 GMT - Leaning lower from the .6644/50 resistance as prices unwind the overbought intraday and daily studies to pressure the .6585 support. Break here will see room for deeper pullback to retrace strong gains from the .6465 low of last week to the .6550 congestion. Break here, if seen, will open up scope for deeper pullback to the .6500 congestion level. Meanwhile, resistance is lowered to the .6600 level and this now weighs and sustain drop from the .6644/50 resistance.