Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The support levels mentioned in the previous analysis, represented by our first target at 149.00, were able to limit the bearish bias, which forced the pair to rebound again.
On the technical side today, we tend to be positive, but cautiously depending on the stability of intraday trading above 149.40 and in general above 149.00, in addition to the clear positive signs on the stochastic, targeting 150.00/150.10, then 150.45 a next target.
A reminder that trading below 149.00 is able to completely defeat the bullish scenario, and we may witnessing negative movements that dominate the pair with the target of 148.65 and 148.30.
| S1: 149.20 | R1: 150.10 |
| S2: 148.65 | R2: 150.45 |
| S3: 148.30 | R3: 151.00 |
