Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The pair extended a constructive rebound, tagging a 1.4014 high.
Technical outlook
- Price is challenging a descending trendline, with the simple moving averages now underpinning price from below.
- RSI is unwinding prior overbought readings rather than breaking down—consistent with scope for further upside.
Base case (bullish while above 1.3960/1.3940)
- Holding 1.3960 (and more firmly 1.3940) keeps the bullish bias intact.
- A decisive break/4H close above 1.4030 would likely accelerate gains toward 1.4065 and 1.4110.
Alternative / downside
- A 4H close below 1.3940 would dent bullish momentum and tilt for a pullback toward 1.3890 before buyers might attempt to reassert control.
Risk note
Volatility remains elevated amid trade and geopolitical tensions. Consider prudent sizing and hard stops; reassess if the key levels are breached.
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: 1.3940 | R1: 1.4030 |
| S2: 1.3890 | R2: 1.4065 |
| S3: 1.3850 | R3: 1.4115 |
