Resistance - 1.1416, 1.1465, 1.15
Support - 1.1386, 1.1357, 1.1320-1.13
Support - 1.1386, 1.1357, 1.1320-1.13
- As can be seen on the hourly chart, the spot is struggling to see a bullish break from flag formation.
- Repeated failure to take out flag resistance followed by a drop below 1.1388 (daily low) would open doors for a re-test of 1.1376 - 1.1370. A violation there would expose 1.1357 levels.
- On the other hand, only a hourly close above flag resistance would signal continuation of Friday's rally and expose 1.15 handle.
