The 200-bar MA (4-hourly) remains to signify technical Resistance.
Chartists are observing to see if the pair can remain Bid above the 190.00 level, representing the 76.4% retracement of the move from 144.15 to 364.49.
A very significant level that chartists are watching is the 202.27 level, representing the 61.8% retracement of the move from 148.81 to 288.77.
Another important area is still the 209.75 level, representing the 23.6% retracement of the 627.83 – 80.60 range.
The 217.55 and 218.79 areas remain important technical levels.
200MA is moving at 213.29, 100MA 201.40, and 194.32 50MA.
Technical resistance is expected around 190.00 / 194.32 and 197.20 and Technical support is expected around 181.10 / 180.00 / 171.70 with stops expected below.
Chartists are observing to see if the pair can remain Bid above the 190.00 level, representing the 76.4% retracement of the move from 144.15 to 364.49.
A very significant level that chartists are watching is the 202.27 level, representing the 61.8% retracement of the move from 148.81 to 288.77.
Another important area is still the 209.75 level, representing the 23.6% retracement of the 627.83 – 80.60 range.
The 217.55 and 218.79 areas remain important technical levels.
200MA is moving at 213.29, 100MA 201.40, and 194.32 50MA.
Technical resistance is expected around 190.00 / 194.32 and 197.20 and Technical support is expected around 181.10 / 180.00 / 171.70 with stops expected below.