Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The pair attempted to claw back recent losses, but the recovery remains fragile.
Technical outlook
- RSI: Overbought resets are fading, with the indicator still sending negative signals.
- 50-SMA (4H): Capped the bounce near 1.3165, reinforcing overhead resistance.
- Structure: Ongoing stability below 1.3175 keeps the bearish bias intact.
Base case (bearish while below 1.3175)
- A retest of 1.3100 support is likely.
- A decisive break/4H close below 1.3100 would open 1.3065 next.
Invalidation / upside toggle
- A confirmed 1H close above 1.3175 would neutralize immediate downside pressure and allow a corrective push toward 1.3210.
Risk note
Volatility is elevated amid trade and geopolitical headlines. Use prudent sizing and firm stops; reassess quickly if these key levels give way.
Trading CFDs involves risks, and therefore all scenarios may be plausible. The information provided above is not a recommendation to sell or buy but rather an explanatory reading of price movement on the chart.
| S1: 1.3065 | R1: 1.3165 |
| S2: 1.3005 | R2: 1.3200 |
| S3: 1.2970 | R3: 1.3260 |
