© Dukascopy Bank
Daily maximum: 1.5687
Daily minimum: 1.5635
Downside momentum of the pair has lost strength and the Cable is currently testing resistance at 1.5678/81. However, the pair is capped by a stronger level at 1.5713/27, approach to which may reignite bearish behaviour.
Daily Resistance: 1.5678/81; 1.5698; 1.5713/27.
Daily Support: 1.5618; 1.5586; 1.5538/24.
Daily Bias: Neutral.