Extends the short term strength from 1.3145 low, after Friday’s sharp reversal from 1.3523 high found support at 1.3360, previous resistance zone and 20 day MA, where the fresh rally emerged. Break through initial barriers at 1.3500, bear trendline off 1.3935 and 1.3523/40, Friday’s high / Fib 50% of 1.3935/1.3145 descend has so far tested 1.3640, Fib 61.8%, with key short-term resistance at 1.3680, 28 Sep high / Fib 38.2% of 1.4548/1.3145 descend, now in focus. Near-term studies remain positive, but overextended conditions on hourly/4-hour charts, signal possible correction ahead of fresh attempt higher. Initial support lies at 1.3480, while only break below 1.3400/1.3360 would weaken the near-term structure. Upside clearance of 1.3680 is required to confirm near-term bottom and expose 1.3800.

Res: 1.3637, 1.3690, 1.3750, 1.3800
Sup: 1.3600, 1.3555, 1.3523, 1.3500


Continues to trend higher off 1.5271, 06 Oct fresh 14-month low, after MACD bullish divergence on 4-hour chart suggested bounce. Recent rally has nearly fully retraced the initial 1.5714/1.5271 downleg. Near-term studies above their centerlines support, with through 1.5714, key short-term barrier, required to signal formation of a double bottom and extend gains towards significant resistance at 1.5785, Fib 38.2% retracement of the broader 1.6617/1.5271 descend. Initial support lies at 1.5580, while below 1.5525/00 zone would be bearish.

Res: 1.5664, 1.5680, 1.5714, 1.5780
Sup: 1.5580, 1.5550, 1.5525, 1.5500

Remains in a recent 50-pips range, as yesterday’s attempt higher stalled at 77.05, with subsequent pullback into 77.55 zone, where dips were contained for now. Hourly and 4-hour studies continue to hover around their midlines, as break below bull trendline off 76.10, suggesting possible extension lower and test of broader range floor at 76.10/00, with break below 76.50 required to confirm. Initial barriers lie at 76.85/77.00 zone and only clear break above the latter to improve near-term outlook.

Res: 76.90, 77.00, 77.09, 77.27
Sup: 76.57, 76.50, 76.41, 76.32


Continues to ease after upside rejection at 0.9300 barrier, and 4-hour MACD bearish divergence signaled stronger correction. Loss of 0.9200 handle, with today’s break below strong support at 0.9140, accelerated losses towards 0.9000, round figure support, ahead of key level at 0.8920, below which to signal stronger reversal of the recent 0.7067/0.9310 strong uptrend. On the upside, 0.9140 now acts as resistance, while 0.9280/0.9310 zone caps for now.

Res: 0.9100, 0.9140, 0.9200, 0.9280
Sup: 0.9021, 0.9000, 0.8920, 0.8900