Hello Again!
Our Euro staged a nice bounce off of major Support at the 1.3075 area and if we look at the Hourly view here…our Daily .23.6% @1.3203 is capping Price and acting as an intraday resistance level.
( Post-Time is 14:40 GMT)
(click once for the captures)
On the 5-Minute…we see our 1.3136 Area of Support now acting as our “dynamic” Support for now, so we will see if a “Break” of these areas are on the way….or…we may simply move about in these two Support areas.
A significant test of the Support level at 1.3070 is highly probable for another bounce, so we shall see how we progress!
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