10th June
Daily support/resistance: 2.576, 2.541
Pivot, 2.558, 2.567
Yesterday was a monster move. It now retrace after hitting the previous upper channel. 2.40 looks to be the next area if it corrects.
9th June
Daily support/resistance: 2.477, 2.466
Pivot: 2.471
Nicely touched the 2.477 and drop down. As long as this hold below 2.466 today, bears are safe.
I was watching the rising wedge. It simply couldn't go up anymore and drop accordingly. That's the amazing thing about technical analysis!
US session: the weekly support/resistance of 2.366 and 2.303 still not hit yet. holding below 2.441 would be good for bears to push down to 2.366
Daily support/resistance: 2.576, 2.541
Pivot, 2.558, 2.567
Yesterday was a monster move. It now retrace after hitting the previous upper channel. 2.40 looks to be the next area if it corrects.
9th June
Daily support/resistance: 2.477, 2.466
Pivot: 2.471
Nicely touched the 2.477 and drop down. As long as this hold below 2.466 today, bears are safe.
I was watching the rising wedge. It simply couldn't go up anymore and drop accordingly. That's the amazing thing about technical analysis!
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