Support - 1.1383, 1.1342, 1.13
- An hourly closing below support at 1.1383 levels would expose support at 1.1342-1.1330 levels. Hourly is just short of oversold territory, hence there is a scope for rebound.
- Rebound from 1.1383 if followed by a day end closing above 1.1464 would shift risk in favor of a re-test of 1.1534 levels.
Note - the previous rebound from support wasn't a big one, which indicates increased risk of a break