Today's Support and Resistance levels:
R3: 1.5745
R2: 1.5723
R1: 1.5670
Current spot: 1.5628
S1: 1.5579
S2: 1.5566
S1: 1.5538
Technical summary:
This cross also failed to follow through to the downside yesterday and it revived the "old" target area between 1.5723 - 1.5745, before blue wave iv is over and the final decline to 1.5446 should be expected.
Trading recommendation:
We are still nuetral and will await a better entry.
