Extended one month downtrend from 1.4246, losing main bull trendline from 1.1875, 2010 low, to end week just above 1.3200 mark, the last barrier ahead of key short-term support at 1.3145. Overnight’s bounce is seen corrective, with previous low and 20 day SMA on 4H chart, limiting gains for now at 1.3330 zone. Losing 1.3300 handle, covers the gap and increases pressure again, keeping the focus lower. Only regain of 1.3400/20, strong resistance zone, would delay immediate bears.

Res: 1.3314, 1.3333, 1.3352, 1.3410
Sup: 1.3230, 1.3211, 1.3200, 1.3145


The pair comes under pressure again after bounce from 1.5422, last Friday’s fresh low, failed to regain initial barrier at 1.5565, with subsequent loss of 1.5500 support, approaching day’s low at 1.5460, to possibly retest 1.5422, as the hourly studies are turning lower. Loss of the later to resume one-month downtrend from 1.6164 high and re-focus 1.5326, ahead of key support at 1.5271, 06 Oct low. Only break above 1.5600 barrier would provide near-term relief.

Res: 1.5500, 1.5524, 1.5564, 1.5581
Sup: 1.5460, 1.5422, 1.5400, 1.5326


Maintains near-term positive tone off 77.00 support, after break above 77.50/57 barriers extended gains to 77.78 so far, just ahead of key resistance at 78.00. The pair has pared overnight’s losses after gap lower opening, as 77.50, now acting as support, contained dip. Immediate focus is at 77.78/78.00, also near-term bear-channel ceiling, clearance of which is required to signal stronger gains. On the downside, loss of 77.50 would weaken the structure and possibly open 77.00 for retest.

Res: 77.78, 77.86, 78.00, 78.23
Sup: 77.60, 77.44, 77.20, 77.00


Near-term price action from last Friday’s fresh eight-month high at 0.9328 is seen corrective, as short-term bulls are gaining control after breaking above the 0.9313, previous high and ending one-month corrective phase. Overnight’s low at 0.9255 now offers initial support, ahead of 0.9200 zone.

Res: 0.9305, 0.9328, 0.9338, 0.9350
Sup: 0.9255, 0.9200, 0.9187, 0.9152