Higher in consolidation from the 1.1325 low but gains remain limited above 1.1450 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1600 | congestion | S1 | 1.1355 | * | 38.2% 2025/2026 rally | ||
| R3 | 1.1550/75 | ** | congestion, May low | S2 | 1.1325 | ** | 24 Jun YTD low | |
| R2 | 1.1500 | ** | 8 Jun low | S3 | 1.1275 | * | 2023 year high | |
| R1 | 1.1450 | * | congestion | S4 | 1.1210/00 | ** | 2024 year high, congestion |
Asterisk denotes strength of level
01:10 GMT – Higher in consolidation from the 1.1325 low but gains remain limited above 1.1450 resistance. Break here will open up room for stronger recovery to retrace losses from the April swing high to strong resistance at 1.1500. Higher still, will see scope to resistance at the 1.1550/75 congestion and May low. Meanwhile support is raised to the 1.1410/00 area which should underpin and sustain bounce from the 1.1355/25 support and June current year low. Failure here, if seen, will extend the broader losses from the January high and see extension to the support at 1.1275/1.1210.
Source:
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