Intraday support comes in at 1,0685 which is the lower
Kumo Cloud and the Daily S1 confluence. Price has failed to
breach the Cloud resistance during previous session and is
now testing the support. On Daily timeframe the Kijun Sen
has acted as resistance. If price close below the Daily S1
and the Cloud we might see a test of the Weekly S1 around
1,06. Below that stands previous low arond 1,0540. On Daily
timeframe it looks as if Monthly PP has held resistance and
price is slowly making its way towards Monthly S1, On the
upside, Weekly pp and the Kumocloud is nearby resistance.
But the obivious hurdle for the bulls stands at Monthly PP
and the Yearly S2 (1,08-1,0830)
Kumo Cloud and the Daily S1 confluence. Price has failed to
breach the Cloud resistance during previous session and is
now testing the support. On Daily timeframe the Kijun Sen
has acted as resistance. If price close below the Daily S1
and the Cloud we might see a test of the Weekly S1 around
1,06. Below that stands previous low arond 1,0540. On Daily
timeframe it looks as if Monthly PP has held resistance and
price is slowly making its way towards Monthly S1, On the
upside, Weekly pp and the Kumocloud is nearby resistance.
But the obivious hurdle for the bulls stands at Monthly PP
and the Yearly S2 (1,08-1,0830)
