Turned up sharply from the .6465 low after correcting just over 50% of the rally from the .6362 low of April
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 0.6644/50 | * | Apr high, congestion | S1 | 0.6500 | * | congestion | |
R3 | 0.6600 | * | congestion | S2 | 0.6465 | * | 1 May low | |
R2 | 0.6586 | * | 29 Apr high | S3 | 0.6442 | * | Feb low | |
R1 | 0.6550 | congestion | S4 | 0.6400 | figure |
Asterisk denotes strength of level
00:20 GMT - Turned up sharply from the .6465 low after correcting just over 50% of the rally from the .6362 low of April. Mixed daily studies highlights further choppy trade likely though the weekly studies are strengthening and suggest room to extend gains from the April low. Bounce see resistance now at the .6550 congestion then the .6586 high. Break here will clear the way for retest of the .6600 level then the .6644/.6668, April/March highs. Meanwhile, support is at the .6500/.6480 area then the .6465 low, now expected to underpin.