The pair has retreated from strong resistance at 0.6781 in Friday's trade as the greenback is seen garnering some strength as we head into FOMC later in the week.
10 DMA support at 0.6691 is holding for now, the pair has edged higher to retake the 0.67 handle, is currently trading at 0.6721.
Immediate support is seen at 0.6691 (10 DMA & session low) and then at 0.6680 (Daily Tenkan), breaks below could expose 0.6650 (38.2% Fib of Nov/Dec rally).
R1: 0.6740 (Dec 7 high)
R2: 0.6758 (Dec 9 high)
R3: 0.6782 (Double day High Dec 10 & 11)
S1: 0.6704 (Session low Dec 11)
S2: 0.6691 (10 DMA & session low)
S3: 0.6680 (Daily Tenkan)
My personal preference would be to wait for 0.665 and take a long up to 0.68
In any case, I salute you, my friend, for your (very) insightful ideas.