Support – 1.3354, 1.3286, 1.3226
- Pair’s retreat from the NY session high of 1.3533 if followed by an hourly closing below the hourly 50-MA would open doors for a re-test of 1.3286 levels. The hourly has dipped below 50.00 and that adds credence to the possible drop to 1.3286-1.32 levels.
- However, traders need to watch out for the crossover between the hourly 50-MA and hourly 100-MA. Such a move would open doors for a rise to 1.3567 levels.