failed to close above its 3 months support level
, which would have given signals of an inversion. Instead, it was seeking 1.50914. Volatility
is still increasing, as the bollinger bands
are still spreading up. The trend remains bearish
, unless the cable breaches 1.51904, which will send the cable up towards 1.52880, with 1.52536 as a primary objective.
If the cable cut through 1.51075, it will head towards 1.5038, with 1.50759 as a primary objective.
The daily Pivot Point
is around 1.51493. The daily support levels are around 1.50848 and 1.50432. The daily resistance levels are around 1.51909 and 1.52554.