The MACD histogram crossed the zero line from the top down, now located in the negative zone below its signal line, continues to gradually decline, and thereby generates a signal to sell the dollar / franc.
Stochastic Oscillator is located in the neutral zone and does not give clear signals, as the% K line crossed with a line of% D.
So, like last Thursday, as evidence that the market intensified bearish sentiment, it is necessary to wait for the breakdown level of support to 1.0240/30, which could open the way to a local minimum of 1.0180.
If the same level of support 1.0240/30 and will not be punctured, the consolidation in the above specified range will continue.
Resistance levels: 1.0290, 1.0310/20, 1.0350, 1.0370, 1.0400/10, 1.0430/50
Current Price: 1.0272
Support levels: 1.0240/30, 1.0210/00, 1.0170, 1.0150, 1.0120, 1.0100
Related posts:
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- USD Trades Lower on Market Optimism
- Swiss Franc in Focus as SNB Announces Rates, Currency Policy (Euro Open)
- Selling pressure held firm on the pound yesterday, with the euro price falling below €1.08
- GBP/USD Current price: 1.5109
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