Yesterday the pair fell and lost about 50 points.
Market is expected to be low today. Attention needs to be paid to data on the S&P/Case-Shiller Home Price Indices in the US. According to forecasts, the index will fall that might pressure the USD. Also, pay attention to data on Consumer Confidence that is expected to grow by 3.4%.
Support and resistance
On the 4-hour chart, the pair is trading between the upper and middle MA’s of . Moving averages with 50, 100, and 144 periods remain above the price and directed down indicating a negative trend. histogram is in the negative zone and its volumes are growing. is falling and lines are directed down indicating a fall in the pair.
Support levels: 13.86, 13.67.
Resistance levels: 14.03, 14.19, 14.40.
Long positions can be opened from the level of 14.03 with the target at 14.19. Validity – 1 day.
Short positions can be opened after the breakdown of the level of 13.86 with the target at 13.67. Validity – 1 day.