The volatility on the cable is sill high, the bollinger bands are spreading more and more, and the parity is 1.51breaking supports after supports its been a long time.
The parity opened around 1.52539, while its daily Pivot Point is around 1.52617, and its 3 days PP is around 1.5328, showing clearly that the trend is still bearish. The cable will have 1.52113, 1.51677 and 1.51173 as support levels, and 1.53053 and 1.53557 as resistance levels.
Though remaining bearish, the down trend can be invalidated, should the parity managed to break the 1.53103 level and close above that level today. Unless it does so, 1.5167 will be the main objective with 1.5190 as a primary objective.
The parity opened around 1.52539, while its daily Pivot Point is around 1.52617, and its 3 days PP is around 1.5328, showing clearly that the trend is still bearish. The cable will have 1.52113, 1.51677 and 1.51173 as support levels, and 1.53053 and 1.53557 as resistance levels.
Though remaining bearish, the down trend can be invalidated, should the parity managed to break the 1.53103 level and close above that level today. Unless it does so, 1.5167 will be the main objective with 1.5190 as a primary objective.
