14:50 GMT - The pullback towards 90.00/10 has found fresh support at 90.25, whilst intraday studies track higher and oversold daily stochastics flatten. The break above 90.50 has opened up the 91.00 break level, but the falling Tension Indicator is expected to limit any immediate tests in fresh consolidation. Weekly charts continue to improve, however, suggesting a later break and a run towards critical resistance at the 91.60 weekly high of 5 February. Meanwhile, support remains at 90.00/10 and should continue to underpin any immediate setbacks.
We are an award winning independent research firm, covering Macroeconomics, Policy and Financial Markets. Our Technical Analysis coverage spans 40 FX pairs across developed and emerging markets. Register for a free trial at continuumeconomics.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
We are an award winning independent research firm, covering Macroeconomics, Policy and Financial Markets. Our Technical Analysis coverage spans 40 FX pairs across developed and emerging markets. Register for a free trial at continuumeconomics.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.