Lower in consolidation from the 1.1473 high of last week to reach support at 1.1410/00 congestion area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.1600 | congestion | S1 | 1.1410/00 | * | Mar low, congestion | ||
| R3 | 1.1550/75 | ** | congestion, May low | S2 | 1.1355 | * | 38.2% 2025/2026 rally | |
| R2 | 1.1500 | ** | 8 Jun low | S3 | 1.1325 | ** | 24 Jun YTD low | |
| R1 | 1.1450 | * | congestion | S4 | 1.1275 | * | 2023 year high |
Asterisk denotes strength of level
01:30 GMT – Lower in consolidation from the 1.1473 high of last week to reach support at 1.1410/00 congestion area. Would take break here to open up room for retest of support at 1.1355 and the 1.1325 June current year low and further extend losses within the bear channel from the January current year high. Meanwhile, resistance remains at the 1.1450/1.1473 congestion and 2 July high. Would take break here to open up room for stronger gains to retrace losses from the April swing high. Clearance will see room for stronger gains to 1.1500 congestion and 1.1575, May low.
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