As mentioned in our TA of yesterday, price tested 1.24200 resistance by breaking of the rectangle – triggered by the US CPI Data –
However, it failed to break above 1.24200.
The pair is consolidating again. The Main Trend is Bullish.
1.23900 is the intraday support.
On the downside: 1.23600 and 1.23300 are the key support levels. Break below 1.23900 may lead the price towards 1.23300 support.
On the upside: 1.24200 and 1.24500 are the key resistance levels. If the price fails to break below 1.23900, 124200 and 1.24500 will be the target levels.
However, it failed to break above 1.24200.
The pair is consolidating again. The Main Trend is Bullish.
1.23900 is the intraday support.
On the downside: 1.23600 and 1.23300 are the key support levels. Break below 1.23900 may lead the price towards 1.23300 support.
On the upside: 1.24200 and 1.24500 are the key resistance levels. If the price fails to break below 1.23900, 124200 and 1.24500 will be the target levels.
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