The broader US Dollar trend remains positive, although the pair is going through a corrective pullback from overbought levels. Technical indicators are showing a moderate bearish momentum although the pair has stalled right above the 1.3730 support area, following a five-day rally.
A deeper reversal below the mentioned 1.3730 level might find support at the 38.2% Fibonacci retracement level of April’s rally at 1.3705 and at 1.3660. On the upside, the immediate resistance is at 1.3845. Resistances are at 1.3784 and 1.3845
The broader US Dollar trend remains positive, although the pair is going through a corrective pullback from overbought levels. Technical indicators are showing a moderate bearish momentum although the pair has stalled right above the 1.3730 support area, following a five-day rally.
A deeper reversal below the mentioned 1.3730 level might find support at the 38.2% Fibonacci retracement level of April’s rally at 1.3705 and at 1.3660. On the upside, the immediate resistance is at 1.3845. Resistances are at 1.3784 and 1.3845
Telah diedit 20 Apr 2024, 14:32
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