Intraday technical levels:
The price is probably going to form a strong support at 0.9400 ( 236% of Fibonacci retracement levels in the M15 to H1 chart). The saturation is likely to take place around 0.9400. Therefore, it is possible that the market will start showing bullish signs. The daily pivot point is set at the level of 0.9455. In other words, buy deals are recommended above 0.9400 with the first target seen at the 0.9500 level and further at the 0.9550 level.
In the point of 0.9550 a strong resistance will be formed. In the point of 0.9400 a strong support will be formed.
Intraday technical levels:
R3: 0.9757
R2: 0.9654
R1: 0.9558
PP: 0.9455
S1: 0.9359
S2: 0.9256
S3: 0.9160
If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.