The pair regained strength following yesterday’s brief dip under 1.3100 handle, where temporary support was found. Break above hourly Ichimoku cloud and attempt above 4H 20 day EMA and channel resistance, sees scope for stronger correction, as hourly studies moved above their midlines. Larger picture’s outlook, however, maintains more bearish tone, while daily studies are losing traction, as the price broke below main bull trendline. Strong resistance at 1.3240 zone, 05 mar high / 55 day EMA, is seen capping the upside attempts for now. Minor support lies at 1.3134, ahead of strong one at 1.3100 zone, loss of which to resume broader downtrend and expose 1.3026/00 next.

Res: 1.3187, 1.3207, 1.3234, 1.3240
Sup: 1.3165, 1.3134, 1.3100, 1.3080

Moves in a near-term corrective mode after finding good support at 1.5700 zone. Improving hourly studies see potential for further extension higher and test of next strong barriers at 1.5770 and1.5780/85, 20 day EMA / 05 Mar low, as well as 1.5800/11, 28 Feb low / 55 day EMA, which are expected to limit gains, as 4H structure is still bearish. Sustained break here would avert downside risk, while regain of key barrier at 1.5900 zone, where also 200 day SMA lies, is required to improve the near-term structure, and turn focus off key short-term support at 1.5650.

Res: 1.5770, 1.5785, 1.5800, 1.5810
Sup: 1.5722, 1.5695, 1.5677, 1.5661

Near-term price action remains steady above 80.60 higher base, where good support was found. Lift above initial barrier at 81.00, is looking for test of next static resistance at 81.57, 06 Mar high. Break here to possibly open 81.68 and 81.85 highs for retest, as hourly studies are positive and 4H indicators started to improve, with price holding above 20 day EMA. Only loss of 80.60 base would weaken the structure and risk return to key support at 80.00.

Res: 81.38, 81.57, 81.68, 81.85
Sup: 81.17, 81.00, 80.64, 80.56

Undergoes near-term corrective phase, after strong bounce off 0.8930 double-bottom broke above channel resistance, tested our next target at 0.9200. Reversal has so far found support at 0.9140 zone, 20 day EMA, with possible further easing towards strong support at 0.9100, previous low / broken bear trendline, not ruled out, before bulls re-assert, as hourly studies are pointing lower. Upside clearance of 0.9200, to open 0.9250/60, ahead of key short-term barrier at 0.9300, 16 Feb high. Only loss of 0.9100 handle, would weaken the structure and put near-term bulls on hold.

Res: 0.9173, 0.9200, 0.9231, 0.9250
Sup: 0.9142, 0.9100, 0.9090, 0.9070