The pair confirmed a weak closing below the low of the previous session but it failed to confirm the break below 138,35!! The monthly closing was positive above the top of the previous month! The indicators of the daily chart are still positive for now as well as those of the monthly one. The indicators of the s/t charts are instead showing a mixed picture this morning after however having formed bullish divergences on the way down. The move up is corrective and a selling opportunity but only close to the 200 hours line, now found at 139,25!! We stay short (139.96) for a 137,80 undershooting!!
Resistance 139.10 139.55
Support 138.35 137.80
Resistance 139.10 139.55
Support 138.35 137.80