Price stands at critical support. Levels to watch.
Price has bounced from the 127 ext D-point at 0,9425 and
has reached the D-level which held as support May 21, but
has since been breached and price is now testing the important
long term horizontal S/R level at 0,9285. Next support is
the TL. If price breach this level the next will be 0,9210
which is also a potential neckline of a H/S if price bounce
from here. However, the trend is bullish and chances are
that price will find support around current levels and look
higher towards the 161 ext D-point at 0,9575. A breaching
of 0,9310 with a confirming close will improve bullish
prospects ST.
has reached the D-level which held as support May 21, but
has since been breached and price is now testing the important
long term horizontal S/R level at 0,9285. Next support is
the TL. If price breach this level the next will be 0,9210
which is also a potential neckline of a H/S if price bounce
from here. However, the trend is bullish and chances are
that price will find support around current levels and look
higher towards the 161 ext D-point at 0,9575. A breaching
of 0,9310 with a confirming close will improve bullish
prospects ST.