RESUME & VIEW – THE PAIR CONTINUED MOVING SIDEWAYS LOCKED BETWEEN 0.9000 AND 1.0000 PARITY LEVEL. PARITY IS IMPORTANT RESISTANCE, BECAUSE IT IS PSYCHOLOGICAL AND ACTED AS TECHNICAL RESISTANCE ONCE ALREADY. THE TEST OF THE PSYCHOLOGICAL AND TECHNICAL RESISTANCE AT PARITY WAS A TEST OF THE BOTTOM FROM YEAR 2008, WHICH IS NOW RESISTANCE. THERE WAS 200EMA LOCATED AT THE TIME OF THE TEST ALSO ACTED AS RESISTANCE. THE PAIR STILL HAS A CHANCE TO BREAKDOWN OF 0.9000 SUPPORT ZONE AND WITH THAT TO RENEW THE LONG TERM DOWNTREND. FOR THAT IT MUST CONTINUE MOVING BELOW 0.9500 RESISTANCE. OTHERWISE EMERGING ABOVE 1.0000 PARITY AND TECHNICAL RESISTANCE ZONE WILL BRING TEST OF THE TOP FROM YEAR 2010 NEAR 1.1750.
RESISTANCES:
Minor – 0.9500 | 0.9750 | 1.0650
Moderate –
Strong – 1.0000
PIVOT POINT – 0.9250
SUPPORTS:
Minor – 0.8000
Moderate – 0.9000 | 0.8600
Strong –
Situation Chart: