We discussed yesterday that the pair should affirm breaching 125.00 psychological without signs of trend exhaustion to make sure that the bullishness will continue.
The negative divergence on RSI14 contradicts with stability above moving averages and positivity on ADX.
We will be prudent awaiting for a convenient entry point.
Support: 124.60-124.30-124.00
Resistance:125.50-125.80-126.30
Direction: Neutral
The USD/CHF has been resisted again in the areas above 0.9880, which may be a signal that 76.4% Fibonacci will cause a corrective drop.
We will depend on these levels along with the overbought signs appearing on RSI14 to suggest intraday bearish actions.
Although ADX remains positive, we see signs of trend weakness on the indicator.
The key level for bears resides at 0.9800, as a breakout below it will expose 0.9760 support followed by 0.9720.
Support: 0.9800-0.9760-0.9725
Resistance: 0.9880-0.9920-0.9965
Direction: Bearish
The EUR/USD pair is inclining towards 1.1085 once again, which is a decisive level for intraday direction.
A break above 1.1085 is positive and may cause a test of 1.1110, and the bullish wave may extend towards 61.8% Fibonacci at 1.1185.
On the downside, 1.1030 should hold to keep the bullish scenario valid.
Moving averaged and ADX remain bullish, supporting our bullish overview.
Support: 1.1030 – 1.1000 – 1.0935
Resistance: 1.1085 – 1.1110 – 1.1185
Direction: Up
Despite trading below 1.5555 for a while during the Asian session, the SMA20 succeeded in pushing the GBP/USD pair upwards again.
ADX is showing the bearish tendencies, but RSI is moving above the value of 50.00.
The contrarian between technical signs forces us to be stand aside over intraday basis.
Support: 1.5555 – 1.5470 – 1.5405
Resistance: 1.5600 – 1.5630 – 1.5700
Direction: Neutral