RESUME & VIEW – THE PAIR CONTINUED MOVING SIDEWAYS LOCKED BETWEEN 1.2000 AND 1.5000 LEVELS. IT FAILED TRYING TO EMERGE ABOVE 1.3500 RESISTANCE, IT IS ALSO THE PIVOT POINT OF THE SIDEWAYS RANGE. THE SUPPORT IS AT 1.2650. IF THERE IS WEEKLY CLOSE BELOW 1.2650 BOTTOM SUPPORT THAT WILL MEAN TEST OF 1.2000 PSYCHOLOGICAL AND TECHNICAL SUPPORT IS ON WAY. OTHERWAYS EMERGING ABOVE 1.3700 WILL SUPPORT TESTING OF 1.4250 TECHNICAL AND TRENDLINE RESISTANCE.

RESISTANCES:

Minor – 1.3700 | 1.4000

Moderate – 1.4250

Strong – 

PIVOT POINT – 1.3300

SUPPORTS:

Minor – 1.2900

Moderate – 1.2650 | 1.2050

Strong – 1.1850

Situation Chart:

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By Mihail Mihaylov

Independent Capital Markets Trader / Equity Research Analyst. Swing to Long term.

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