The pair managed to hold above 1.3500, so we look for a rebound towards the...
The pair managed to hold above 1.3500, so we look for a rebound towards the 1.3800 resistance, with a break above to extend gains towards the 200-Day SMA by 1.4050. However, breaking and consolidating below 1.3500 could trigger a new drop below the 1.3360 support ahead of 1.3000.
Edward Smith, technical analyst of company Admiral Markets.
At any use of the analytical material taken from a site of company Admiral Markets, and the secondary publication on any other resources, the rights to intellectual property for a dealing centre «Admiral Markets», the reference to a company site is obligatory.