Forex Daily Report
Technically bullish above former overhead resistance now support which comes in at 1.5094 today. More support at the former all time high of 1.4967 (break out level). How far this move will extend is difficult to estimate as we are basically in unchartered territory, so I remain bullish until a clear reversal pattern develops. Have short term rising support down at 1.5024 as well today.
Support: 1.5094 (former overhead res), 1.4967(former high), 1.5024 (rising sup), 1.4750 (break out level), 1.4737 (rising support), 1.453, 1.4360, 1.4336 (key swing level)
Resistance: 1.5274 (Monday’s high)
240 min – Rising support at 1.5024 and 1.4813.
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