Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The pair logged heavy losses in the prior session, printing a 1.3117 low.
Technical outlook
- RSI: Remains negative in the short term despite oversold readings—consistent with downside risk.
- SMAs: Price holds below the simple moving averages, which continue to act as dynamic resistance.
- Structure: Stability below 1.3210 keeps the bearish bias intact.
Base case (bearish while below 1.3210)
- A drift toward 1.3105 (first support) is favored.
- A decisive 4H close below 1.3105 would open 1.3060 next.
Invalidation / upside toggle
- A confirmed 4H close above 1.3210 would neutralize immediate downside pressure and allow a corrective rise toward 1.3265.
Risk note
Volatility is elevated amid trade and geopolitical tensions. Manage position size and use hard stops; reassess quickly if the key levels break.
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: 1.3105 | R1: 1.3210 |
| S2: 1.3060 | R2: 1.3265 |
| S3: 1.3000 | R3: 1.3310 |
