The cross maintains positive near-term structure off 1.1433, 29/08 higher low, part of broader recovery from 1.1260 higher platform and rally from 1.1197 low. Fresh extension higher broke above the previous high at 1.1585, the psychological 1.1600 barrier, and tested 1.1655 at a 50% retracement of 1.2096/1.1197 descend which signals a near-term base. Corrective pullback was contained at the initial support at 1.1585/70, former high. Also, a Fibonacci at 38.2% of 1.1433, and 1.1655 upleg at 55DMA. Hourly studies are gaining traction and being supportive for renewed attempt at 1.1647, daily cloud top and 1.1655 peak, a break of which to resume rally towards the psychological 1.1700 barrier, and 1.1753,which is 61.8% of the 1.2096/1.1197 descend. Conversely, a slide below 1.1578 would signal prolonged correction.
Resistance: 1.1621; 1.1655; 1.1700; 1.1734
Support: 1.1591; 1.1579; 1.1544; 1.1500