Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Positive trading has re-emerged in the pair, supported by stability above the 1.3770 level.
Technical Outlook:
- Relative Strength Index (RSI): Returning to send short-term positive signals, reflecting renewed buying attempts.
- Simple Moving Averages (SMA): Acting as dynamic resistance, still exerting pressure on the price from above.
Probable Scenario:
With mixed signals in play, caution is warranted. A confirmed break above 1.3825 could trigger immediate gains toward 1.3875. Conversely, a clear move below 1.3770 would expose the pair to a potential downside trajectory toward 1.3740.
Warning: Risk is high amid ongoing trade and geopolitical tensions, and all scenarios are possible.
Trading in CFDs involves risks, and therefore all scenarios are subject to potential outcomes. The analysis provided above is not a recommendation to buy or sell but rather an illustrative reading of price action on the chart.
| S1: 1.3770 | R1: 1.3825 |
| S2: 1.3740 | R2: 1.3875 |
| S3: 1.3705 | R3: 1.3900 |
