closed around its major resistance area
after being steps away from reaching the 1.11118 support level
. It seems that it will try again to cross over its major resistance area
after failing last time to close above it and reach its Blue bearish Trend
. The major resistance area
consists of its 1.12239 resistance level
, the parity's EMAs, and 1.12575 resistance level
Breaching 1.12090 will send the parity towards 1.12575, with 1.12239 as a primary objective.
Draw downs, or strong resistance from the 1.12239 resistance level
will send it back to 1.11566, which breaching will send it back to 1.11118.
The daily Pivot Point
is around 1.11785. The daily support levels are around 1.1148 and 1.11033. The daily resistance levels are around 1.12232 and 1.12537.