A bullish rebound is attempting to take control after price held above the 1.4000 psychological floor.
Technical outlook
- SMAs: Price is trading above the simple moving averages, lending support to upside attempts.
- RSI: Momentum signals are constructive, consistent with further recovery potential.
Base case (bullish while above 1.4000)
- Former resistance at 1.4000 is now support (role reversal).
- A clean break/4H close above 1.4070 would likely extend gains toward 1.4115.
Alternative / pullback
- A return below 1.4000 would stall the advance and tilt for a retest of 1.3965 before buyers might try again.
Risk note
Headline risk remains elevated. Use prudent sizing and firm stops; reassess quickly if these key levels give way.
Risk note
Headline risk is elevated. Use prudent sizing and firm stops; reassess quickly if these trigger levels give way.
| S1: 1.4020 | R1: 1.4070 |
| S2: 1.3995 | R2: 1.4115 |
| S3: 1.3965 | R3: 1.4145 |
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