Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The outlook is unchanged: the pair remains in a gradual downtrend.
Technical outlook
- SMAs: Sitting overhead as dynamic resistance, dampening rebound attempts.
- RSI / structure: Momentum stays negative with a bearish pattern reinforcing the daily downtrend.
Base case (bearish continuation)
- A decisive break/4H close below 1.3040 would likely press toward 1.3000; follow-through exposes 1.2970.
Invalidation / recovery path
- A confirmed 1H close above 1.3130 would ease immediate downside pressure and allow a bounce toward 1.3170, then 1.3200.
Event risk
- High-impact releases today: UK Retail Sales, prelim Manufacturing & Services PMIs for the UK, Eurozone, and US. Expect elevated volatility around the prints.
Risk note
Volatility is elevated. Use prudent sizing and firm stops; reassess quickly if trigger 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: 1.3045 | R1: 1.3130 |
| S2: 1.3000 | R2: 1.3170 |
| S3: 1.2960 | R3: 1.3220 |
