Pattern - expanding channel on hourly
Resistance - 1.4384, 1.4413, 1.4441
Support - 1.4330, 1.43, 1.4235
Resistance - 1.4384, 1.4413, 1.4441
Support - 1.4330, 1.43, 1.4235
- Pair's rebound from 1.4332 ran out of steam as prices neared expanding channel resistance. The spot now trades around 1.4360.
- Failure to sustain above 1.4368 (38.2% Fibo) after bearish break from sideways channel on Friday coupled with falling tops formation on hourly indicates the pair could drop to 1.4330 (23.6% Fibo + channel support).
- A break lower would expose 1.43
