Resistance – 1.4684, 1.4740, 1.4761
Support – 1.4636, 1.46, 1.4549
Support – 1.4636, 1.46, 1.4549
- Pair’s failure to sustain above 1.47 followed by a retreat to 1.4665 if followed by a drop below 1.4636 could signal short-term trend reversal and a possible drop to 1.4549 levels.
- Retreat from the Asian session high of 1.4726 has also kept the hourly bearish price-RSI divergence intact.
- On the other hand, a rebound from 1.4636 could yield sideways action in the range of 1.4636-1.47.
- Bearish invalidation is seen only if prices break above 1.4740 (negating hourly bearish price-RSI divergence), although bulls would a convincing break above 1.4770 levels.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.