The single currency maintains positive tone off 1.2800 zone double-bottom, as breach of 1.3070/1.3100 barriers keeps focus at key resistances at 1.3150, long-term bear-trendline off 1.4938 and 1.3170, 17 Sep high and double-Fibonacci barrier. Further hesitation is not ruled out, as the pair already underwent corrective easing from 1.3138 that was contained at 1.3100 zone for now and deeper dips would risk extension towards 1.3000/1.2975, approx 50% of entire rally. Clear break above 1.3170 would attract 1.3282/1.3300 initially.

Res: 1.3138, 1.3170, 1.3180, 1.3200
Sup: 1.3100, 1.3085, 1.3060, 1.3020


The near-term uptrend remains in play, as the pair extends gains to test 1.6180, trendline resistance and Fib 61.8% of 1.6216/1.5975 downleg, where gains stalled. Subsequent pullback has so far found footstep at 55 day EMA at 1.6120 zone. Near-term focus remains at the upside barriers, with penetration through 1.6180, expected to open 1.6200/16 and confirm base at 1.5975. Any further easing would face supports at 1.6100/1.6050, Fibonacci support, while extension below 1.6020 would revive larger picture bears.

Res: 1.6180, 1.6200, 1.6216, 1.6271
Sup: 1.6120, 1.6100, 1.6075, 1.6050


The price surges through 79.00 barrier after leaving a double-bottom at 78.60 zone, to approach initial barrier at 79.21, 19 Sep high and 79.37, 200 day MA. Overall bulls keep the break higher in focus, as the break higher would introduce 79.65 and 80.00 barriers, however, gains may be interrupted, as overextended hourly studies suggest corrective action. Initial support lies at 79.00, while any further extension should be contained at/above 78.60, also near 50% of 77.94/79.19 rally, to keep bullish structure intact.

Res: 79.21, 79.37, 79.65, 80.00
Sup: 79.00, 78.89, 78.60, 78.45


The pair continues to move sideways, consolidating recent losses that tested psychological 0.9200 support. Overall bears see scope for full retracement of 0.9042/0.9970 rally on a break below 0.9200, as larger picture outlook maintains bears and completion of double-top pattern keeps the downside favored. However, overextended studies on 4h chart and hourlies already moving upward, see potential for stronger corrective action that would precede fresh bears. Previous supports at 0.9237/73, now offer initial resistance, while violation of 0.9300 zone, near Fib 61.8% of 0.9370/0.9213, would ease bear-pressure.

Res: 0.9246, 0.9273, 0.9292, 0.9310
Sup: 0.9214, 0.9200, 0.9113, 0.9100