Last Updated Date: 26 May 2022 @ 5:58 AM (UTC)
*Please note that all the dates are in GMT time zone
The market is trying to start a bear downturn from recent sideways congestion. However, trade needs a close under 1.0631 to touch off bear trending selloffs under the 1.0556 swing low. Yesterday’s spike higher over 1.0739 hints for a near term friendly upturn, but the down movement today leaves the pattern in congestion. A surge over 1.0720 is bullish again.
Resistance 2 1.0720
Resistance 1 1.0700
Support 1 1.0651
Support 2 1.0631