The U.S. dollar fell across the board on Thursday, ceding ground gained in recent sessions as firmer risk sentiment prompted investors to reach for higher-yielding currencies.
Stock markets around the world rose on Thursday after recent weakness, as bets Saudi Arabia may boost crude production cooled oil prices, helping balance concerns over surging inflation and monetary policy tightening.
The market is triggering a short term upturn, looking for attempts to extend rallies and attack the previous swing high peaking levels. A breakout over the 1.0788 swing high signals a stretch to 1.0936. Minor corrective dips should only last 1-2 days at this stage of the drive and likely fight to rebound from 1.0721. A close under 1.0701 is bearish and suggests a secondary selling wave.
Resistance 2 1.0788
Resistance 1 1.0765
Support 1 1.0721
Support 2 1.0701
Resistance 2 1.0788
Resistance 1 1.0765
Support 1 1.0721
Support 2 1.0701
