Resistance 3: $1.5640
Resistance 2: $1.5565
Resistance 1: $1.5490
Current price: $1.5265
Support 1: $1.5265
Support 2: $1.5150
Support 3: $1.4850
Comments:
Loses over 70-points after the BoE quarterly inflation report. The
nearest support is $1.5265 (low of October 24-27). Below are possible
losses up to $1,5150 (area of low of July 2002) and then to $1.4850
(area of high of Oktober 2001). In case of restoration, as intermediate
resistance acts the area $1,5460 (38.2 % FIBO of decrease $1,5880-$
1,5245). In case of overcoming the given level by the following purpose
of growth will be $1,5565 (50,0 %) and further $1,5640 (61,8 %).