The bulls continued to rise and are currently busy testing the final line of the death cross (1.1890) on the daily chart. The breakout of the level and the change of the Ichimoku Cloud will affect the distribution of forces. The next upward reference point will be the accumulation of various levels of the higher halves in the area of 1.1920 - 1.2003. The closest supports now are the levels of the daily Ichimoku Cloud (1.1864 - 1.1837 - 1.1824), passed the day before. Today we close the week and month, so today's result will be important for a longer perspective.
Yesterday, the key supports on H1 once again coped with the task and helped the bulls maintain their advantage and reach new heights. If the upward movement continues, the reference points within the day are now the classic Pivot points 1.1906 - 1.1925 - 1.1958. Today, the most important OPI levels form supports, but they are located at a considerable distance from each other in the current situation, so they will take turns to hold the defense in case of a correction. The central Pivot point is currently at 1.1873, and the weekly long-term trend is at 1.1821, intermediate support along the way can be noted at 1.1854 (S1).
The potential of last week allowed the bulls to approach the close of the month with no less optimism. The result of today's closing is important. Now a strong zone is being tested, which unites many important boundaries of the higher time frames, earlier it was designated within the limits of 1.3910-90. Overcoming resistances and consolidating higher will allow bullish traders to enter the bullish zone relative to the daily and monthly Ichimoku Clouds, which will create new upward targets.
On lower time frames, bulls retain the advantage. Today, to conquer new heights, you can offer 1.3993 - 1.4029 - 1.4076 (classic Pivot points). The current support is now 1.3946 (central Pivot point), then in case of a downward correction, 1.3910 (S1 + strengthening of the higher halves) and 1.3852 (weekly long-term trend) will come into operation. But such a deep decline today is highly undesirable, as it will make its mark on the performance of the week and month.
In the technical analysis of the situation, the following are used:
higher time frames - Ichimoku Kinko Hyo (9.26.52) + Fibo Kijun levels
H1 - Pivot Points (classic) + Moving Average 120 (weekly long-term trend)